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Oil Majors Are Eyeing Suriname Offshore Boom

RIO DE JANEIRO, BRAZIL - ( Majors are eying Suriname as the next big oil player. With recent success in neighbouring Guyana, Suriname offers hope for low-cost oil exploration and production going into 2021. Exxon Mobil, Royal Dutch Shell, Total, and Apache are all showing interest in the South American state, hoping Suriname will provide oil for as little as US$30 to US$40 a barrel thanks to lower production costs. This is well below the average US production cost of almost US$50 per barrel.

After years of political unrest, Suriname is eager to make a name . . .

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