AGP Executive Report
Last update: 5 hours agoSuriname Offshore Energy Push: Saipem has started operations for TotalEnergies’ GranMorgu SURF work offshore Suriname, with the Normand Navigator moored at Jules Sedney Harbour and preliminary activities set to begin; first oil remains targeted for 2028. Petronas Block 52 Update: Suriname’s President says Petronas has made another gas discovery at offshore Block 52 (Swartzia Aspasia Complex-1), with eight discoveries in the block totaling over 1 billion barrels of oil equivalent and a Final Investment Decision expected this year. Next Drilling Plans: TotalEnergies says it expects a new multi-well exploration campaign in Suriname next year, including four wells in Block 58, while Staatsolie says there’s still room for more oil and possible tie-backs to GranMorgu. Regional Business Diplomacy: Curaçao used SEOGS to position itself as a maritime and logistics partner for the Suriname-Guyana basin energy boom, while Trinidad and Tobago and Suriname energy chambers signed an MoU to deepen private-sector supply-chain links. Cross-Border Tensions: Guyanese business groups are calling for a boycott after maps at SEOGS allegedly depicted Guyana’s New River Triangle as Surinamese territory, urging respect for sovereignty. Canada-CARICOM Foreign Policy: Canada and CARICOM renewed their strategic partnership, agreeing a new action plan focused on competitive economies, climate action, and regional security.
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