U.S.-based APA Corp. and its French partner TotalEnergies announced a much-anticipated $10.5 billion final investment decision (FID) for the GranMorgu project located offshore Suriname in Block 58.

A minimal oil producer, Suriname is finally venturing into deep waters as it chases a similar fate to Guyana. Suriname—the small Dutch-speaking country situated between Guyana to the west and French Guiana to the east—has attracted the attention of international and national oil companies from the U.S., China, Malaysia, France and other countries actively chasing exploration prospects.

APA and TotalEnergies (operator) on Block 58 each hold a 50% interest in GranMorgu—which can be translated from the local language Sranan Tongo to “new dawn.”

U.S.-based APA Corp. and its French partner TotalEnergies announced a much-anticipated $10.5 billion final investment decision (FID) for the GranMorgu project located offshore Suriname in Block 58.

A minimal oil producer, Suriname is finally venturing into deep waters as it chases a similar fate to Guyana. Suriname—the small Dutch-speaking country situated between Guyana to the west and French Guiana to the east—has attracted the attention of international and national oil companies from the U.S., China, Malaysia, France and other countries actively chasing exploration prospects.

APA and TotalEnergies (operator) on Block 58 each hold a 50% interest in GranMorgu—which can be translated from the local language Sranan Tongo to “new dawn.”