The Suriname-Guyana Chamber of Commerce (SGCC) is optimistic that Guyanese will benefit significantly from the development of Suriname’s first offshore oil project – GranMorgu – pegged at US$10B.

In a statement on Wednesday supporting the Final Investment Decision (FID) by TotalEnergies, APA Corporation and Staatsolie for the development of the GranMorgu Project in Block 58, the Chamber said the landmark $10B investment marks a pivotal moment in Suriname’s economic and energy landscape, and will create immense opportunities for growth and development in both Suriname and the broader region, including Guyana.

“The FID is set to provide new economic opportunities through job creation, local capacity-building, and enhanced energy collaboration across borders. It is expected to generate significant benefits for the local economy, with an increase in job opportunities and investments that will strengthen the private sectors of both Suriname and Guyana,” SGCC said.

It said Surinamese and Guyanese businesses will also benefit from partnerships in logistics, well services, and the operations of the FPSO and subsea systems.

“For Guyana, this development complements our own burgeoning oil sector, fostering opportunities for cross-border investment, shared infrastructure development, and expertise,” the Chamber said, adding that collaboration between Guyana and Suriname in energy and trade is set to unlock significant benefits for both nations, enhancing regional connectivity and positioning both countries as leaders in the global energy market.

Quoting the Suriname’s Ambassador to Guyana, Liselle Blankendal, the Chamber said the US$10B project – the largest investment project in the country – will contribute significantly to Suriname’s economic growth and boost local employment and investments.

SGCC says it looks forward to continued collaboration with the governments of Suriname and

Guyana to ensure that the project serves as a cornerstone for sustainable development and long-term prosperity in the region, by facilitating cross-border trade and investment.

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