By Shikema Dey
Suriname is set to embark on a historic chapter with the GranMorgu offshore oil project. Annand Jagesar, Managing Director of Staatsolie, the national oil and gas company of Suriname, sees it as a momentous step forward.
“What seemed like a distant dream is becoming a reality,” he said. The development in offshore Block 58 is led by TotalEnergies and APA Corporation. With estimated reserves of 750 million barrels of oil, the project is expected to bring significant economic growth.
Staatsolie expects production to start in 2028, potentially triggering a massive positive transformation of the nation’s energy sector.
The project is named after GranMorgu – the Goliath Grouper – a large fish native to Suriname’s coastal waters. The fish’s long lifespan—up to 40 years—mirrors the anticipated longevity of the GranMorgu project, which is projected to operate for at least 20 to 25 years. The name also means “a beautiful morning” in Surinamese, representing a fresh start for the country’s offshore oil industry.
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