
Crude Economics: Suriname’s Oil Boom Could Soon Go Bust
by Arman Sidhu, published on 21 April 2026
Suriname, a small South American country of roughly 640,000 people located between Guyana and French Guiana, is about to become rich. In October 2024, the French oil major TotalEnergies and its American partner APA Corporation committed $10.5 billion to a single deepwater project off its coast. When production begins in 2028, the country will pump 220,000 barrels a day. Revenue over the life of the field could reach $26 billion, more than six times the size of Suriname’s current $4.3 billion economy.