Suriname Offshore Oil Project on Track for 2028

TotalEnergies and partners report their 12 billion dollar offshore oil and gas project in Suriname remains on track for first production in mid-2028. The development marks the first output from the nation's vast offshore reserves.

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Workers stand near large yellow subsea Christmas trees, assemblies of valves, spools and fittings used to control oil and gas production from underwater wells, at the Kuldipsingh Port Facility during the TotalEnergies EP Suriname event highlighting progress on the GranMorgu project, Suriname's first offshore oil development, in Paramaribo, Suriname, September 19, 2026. REUTERS/Idi Lemmers

TOTALENERGIES SE and partners are investing $12 billion in the GranMorgu offshore project in Suriname, targeting first output by mid-2028. The development marks the South American nation's maiden entry into offshore oil production. It follows the path blazed by neighboring Guyana in transforming regional energy output.

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