–through partnerships with Surinamese companies, SGCC says

THE Suriname Guyana Chamber of Commerce (SGCC) has announced that it supports the Final Investment Decision (FID) announced by TotalEnergies, APA Corporation, and Staatsolie for the development of the GranMorgu project in Block 58.
According to a press release, this landmark $10 billion investment marks a pivotal moment in Suriname’s economic and energy landscape, bringing immense opportunities for growth and development in both Suriname and the broader region.
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.
Surinamese and Guyanese businesses will 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 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.

Ambassador Liselle Blankendal of Suriname to Guyana, at a Media Event for the International Business Conference (IBC), celebrated the announcement of the Final Investment Decision (FID) as a historic moment for Suriname.

“With an investment of more than ten billion US dollars, the largest ever that Suriname has had, the country is getting a historic new beginning. This is great news and will contribute significantly to Suriname’s economic growth and boost local employment and investments,” The Ambassador emphasized that this investment will deepen economic ties and create lasting opportunities between the two nations.

As both countries work together, they will seize the vast opportunities this collaboration brings, contributing to job creation and fostering a robust entrepreneurial environment.
The SGCC looks forward to continued collaboration with the governments of Suriname and Guyana to ensure that this project serves as a cornerstone for sustainable development and long-term prosperity in the region, by facilitating cross-border trade and investment.