A Global Oil Crisis Is Giving Suriname’s Offshore Dreams New Life

The latest global oil shock has created an ideal environment for Suriname’s struggling oil boom. The impoverished South American country of less than seven hundred thousand is endeavoring to launch a transformative oil boom. Poor drilling results, a high gas-to-oil ratio, and conflicting seismic data saw Suriname’s oil boom put on hold during 2022. There are, however, obvious signs that the development of offshore Block 58 is back on track. Iran’s closure of the Strait of Hormuz, after U.S. and Israeli airstrikes, will drive higher…