In December 2019, TotalEnergies entered offshore Suriname’s Block 58 after Apache’s Maka Central-1 discovery revealed significant oil potential. The supermajor acquired a 50% stake for nearly $2 billion, solidifying its role as operator. TotalEnergies’ expertise and capital will drive the region’s development and attract further investments.

Block 58 in offshore Suriname, initially marked by uncertainty after Apache’s CEO resignation in 2019, gained momentum with a landmark oil discovery in January 2020. This pivotal event transformed Suriname’s oil landscape, leading to ongoing developments and reinforcing the importance of understanding historical contexts in energy exploration.

In May 2015, the Liza-1 well discovery by ExxonMobil in offshore Guyana transformed the energy landscape, confirming a thriving petroleum system. Utilizing advanced seismic techniques, ExxonMobil uncovered significant oil reserves in the Golden Lane. As of 2025, neighboring Suriname is set for exploration with promising blocks, indicating a potential energy boom.

TotalEnergies prepares to drill the Macaw-1 exploration well in Suriname’s Block 64, building on lessons from the failed Goliath North well. Utilizing advanced seismic reprocessing, the initiative aims to enhance geological interpretations and improve accuracy in hydrocarbon identification. Success would elevate Suriname’s status in global deepwater exploration and stimulate economic growth.