Suriname, an undiscovered oil resource in the Caribbean

9 OCT 2015

by Roger Sallent


Suriname is the third largest crude oil producer in the Caribbean after Trinidad & Tobago and Cuba, with a daily production above 16,000  barrels of oil per day (bbls/day). Domestic production of crude oil nearly reaches the domestic consumption, thus contributing to the country’s high level of primary energy self-sufficiency. In addition, the U.S. Geological Survey (USGS) estimates the Suriname-Guyana basin undiscovered resources at 13 billion barrels of oil, and 32 trillion cubic feet of gas. However, the high potential of the country.