Suriname Plans Data-Driven Local Content Strategy for Offshore Oil Growth

• Suriname plans to use workforce and industry data to shape a local content strategy that prepares citizens and businesses for opportunities from the country’s expanding offshore oil sector.
• Oil, Gas and Environment Minister Patrick Brunings said local participation must be grounded in a clear understanding of the skills, services and workforce numbers required by energy projects, with that data guiding education and training adjustments.
• The strategy comes as Suriname prepares for GranMorgu, its first offshore oil development. TotalEnergies and APA Corporation approved the Block 58 project in October 2024, with investment estimated at around US$10.5Bn and first oil targeted for 2028.
• The project will develop the Sapakara and Krabdagu fields, located about 150 kilometres offshore, using a floating production, storage and offloading vessel with capacity of 220,000 barrels per day.
• Brunings said the government’s priorities include building national capability, strengthening institutions, planning infrastructure, improving safety and environmental management, and ensuring petroleum development supports wider economic value rather than creating an isolated enclave economy.

(Source: OilNOW)