Suriname’s President Chan Santokhi had pinned his hopes on a massive oil boom to reinvigorate the former Dutch colony’s crisis-prone economy. Those hopes were dashed when French energy supermajor TotalEnergies delayed the billion-dollar final investment decision (FID) for Block 58 offshore Suriname. Concern over drilling results and a high gas-to-oil ratio for the five discoveries made since 2020 were cited as the reasons for the delay. That delay, with the FID originally slated for 2022, has delayed the first oil in Suriname,…
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