2.500
%
Positive
29
mm boe
100
%
The government continues to establish its credentials in the oil sector, with fair and balanced fiscal terms. TotalEnergies' FID on GranMorgu, pragmatic local-content rules and the development of a petroleum fund support our view, and the 2025 change of government has not altered policy. Outlook maintained because GranMorgu is advancing towards first oil under stable terms. Outlook: Positive. Risk premia raised from 0.625% to 2.5%.
October 11, 2026
Americas - South
mm bbl
bcf
Northern South America, bordering the North Atlantic Ocean, between French Guiana and Guyana.
PSC/PSA
Suriname has a relatively standard form of Production Sharing Contract ("PSC") fiscal regime. Royalty rates, cost recovery ceilings and corporate income tax rates are all fixed. Profit oil splits vary with project profitability (the R-Factor). There are some indirect taxes, but no bonuses, rentals or fees are payable.
Jennifer Geerlings-Simons became president in July 2025 after the NDP won the election. US and UK guidance cite progress following debt restructuring, but note weak institutions and corruption. The EIA notes that TotalEnergies and APA took the final investment decision on the GranMorgu project in Block 58 in 2024, targeting first oil in 2028, which would transform the economy. The state oil company, Staatsolie, produces onshore, and its open-door offshore round has drawn five proposals across four sectors since June 2026.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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