AGP Executive Report

Offshore Oil & Gas Momentum (Suriname): Petronas reported two new hydrocarbon discoveries plus a successful appraisal in Block 52, bringing cumulative finds to eight and recoverable resources above 1 billion barrels of oil equivalent—another push for Suriname’s deepwater “Golden Lane” development case. Project Build-Out (GranMorgu): Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project, supplying casing and tubing and adding logistics and inspection capacity for offshore installation. Construction Kickoff (GranMorgu): Saipem began GranMorgu operations after the Normand Navigator arrived in Paramaribo, setting up preliminary work and SURF installation logistics ahead of first oil targeted for mid-2028. Regional Infrastructure Shock (Corentyne Bridge): Suriname says it will scrap the joint Corentyne River Bridge venture with Guyana and finance the project itself, while Guyana’s President says the move is “news to me,” raising questions over tenders, timelines, and tolling models. Procurement & Supply Chain Leadership (CARICOM): CIPS wrapped up a Caribbean procurement event series with Suriname, Guyana, and Trinidad & Tobago focused on strengthening procurement leadership and supply chain resilience amid market pressure. Climate Risk Watch: CariCOF warns El Niño strengthening and warmer Caribbean seas could intensify heat and drought, while also increasing risks of extreme rainfall and flooding during the wet season.

Offshore Oil & Gas—Petronas Block 52: Petronas Suriname reported two new hydrocarbon discoveries and a successful appraisal well in offshore Block 52, bringing its Suriname tally to eight successful wells and recoverable resources above 1 billion barrels of oil equivalent. Industrial Services—Tenaris for GranMorgu: Tenaris started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu deepwater project, supplying casing and tubing with logistics, inspection lines, and digital order tracking. Project Execution—Saipem mobilizes for GranMorgu: Saipem began GranMorgu offshore work after the Normand Navigator arrived in Paramaribo, with a SURF installation campaign and a major port logistics hub supporting first oil targeted for mid-2028. Infrastructure & Trade—Corentyne bridge dispute: Suriname says it will finance and build the Corentyne River Bridge alone, while Guyana’s President says he has received no formal notice and insists the project remains joint. Regional Energy—Caribbean Energy Week 2027 launch: Guyana announced the in-country launch of Caribbean Energy Week 2027 for July 20 in Georgetown, spotlighting upstream expansion, LNG, infrastructure build-out, and regional energy integration.

Offshore Oil & Gas: Petronas reports two new discoveries plus a successful appraisal in Suriname’s Block 52, bringing its total successful wells in the country to eight and recoverable resources to over 1 billion barrels of oil equivalent; Caiman-1 struck multiple oil-bearing sandstone intervals, SAC-1 delivered strong gas results, and Roystonea-2 confirmed the lateral extent of oil reservoirs—strengthening the case for multiple developments in the Suriname-Guyana deepwater corridor. Project Execution & Local Supply Chain: Tenaris has started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu offshore project, offering casing/tubing supply and inspection services with logistics yard capacity and digital pipe tracking. Offshore Construction Kickoff: Saipem has begun GranMorgu operations after the Normand Navigator arrived in Paramaribo, setting up preliminary SURF installation work and using a major port logistics hub for incoming equipment. Cross-Border Infrastructure: Suriname has scrapped the joint Corentyne River bridge plan with Guyana, saying it will finance and manage the build itself and potentially use tolls—prompting Guyana President Irfaan Ali to say the move was “news to me.” Energy Transition Tech at PBM: Johan Adolf Pengel International Airport has rolled out CUPPS passenger processing technology, aiming to streamline airline interoperability and support future passenger growth.

Corentyne Bridge Standoff: Suriname says it will finance and build the Corentyne River Bridge with no Guyana role, but President Irfaan Ali says Guyana has received no formal notice and insists the project must remain joint. Offshore Gas Push (Block 52): Petronas reported two new hydrocarbon discoveries and a successful appraisal in Suriname’s Block 52, lifting cumulative finds to eight and pointing to recoverable resources above 1 billion barrels of oil equivalent, with an eye on an early-next-decade development path. GranMorgu Supply Chain Buildout: Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu deepwater project, including casing/tubing services and logistics and inspection capacity. GranMorgu Offshore Execution: Saipem began operations for GranMorgu after the Normand Navigator arrived at Jules Sedney Harbour, setting up SURF installation work for a project targeting first oil in mid-2028. Airport Modernization: Johan Adolf Pengel International Airport introduced CUPPS passenger processing tech to improve airline interoperability and passenger flow across the renovated terminal.

Offshore Oil & Gas Discoveries: Petronas Suriname reported two new hydrocarbon discoveries plus a successful appraisal in Block 52, bringing its total successful finds in Suriname to eight and recoverable resources to over 1 billion barrels of oil equivalent. Energy Project Build-Out: Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project, supplying casing and tubing with logistics, inspection lines, and order-tracking tools. Offshore Logistics & Engineering: Saipem began GranMorgu operations after the Normand Navigator arrived in Paramaribo, with a major port logistics hub set to receive and stage pipes and subsea equipment for the SURF installation campaign. Exploration Push: TotalEnergies says it expects a new multi-well drilling campaign in Suriname next year, targeting four exploration wells in Block 58 alongside the GranMorgu development. Infrastructure Rift: Suriname has scrapped the joint Corentyne River bridge venture with Guyana and says it will finance and manage the bridge alone, resetting timelines and likely requiring a new tender process. Aviation Modernization: Johan Adolf Pengel International Airport (PBM) rolled out CUPPS passenger processing technology to improve interoperability with airline departure systems.

Offshore Oil & Gas (Suriname): Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project, supplying casing, tubing and related services for the country’s first major deepwater development. Offshore Project Execution: Saipem has begun GranMorgu installation work in Suriname after the Normand Navigator arrived, kicking off the SURF campaign for subsea umbilicals, risers and flowlines ahead of first oil targeted for mid-2028. New Discoveries (Block 52): Petronas confirmed two oil-and-gas discoveries plus a successful appraisal in Block 52, bringing cumulative results to eight wells and recoverable resources of more than 1 billion barrels of oil equivalent. Exploration Push (Block 58): TotalEnergies says it expects a multi-well drilling campaign in Suriname next year, including four exploration wells in Block 58, with Staatsolie saying there’s “plenty of room” to find more. Regional Energy & Trade: Mercosur leaders, including Brazil’s Lula, meet in Paraguay to deepen integration and expand trade talks that include Guyana, Suriname and Trinidad & Tobago. Aviation & Services (Suriname): Johan Adolf Pengel International Airport introduced CUPPS passenger processing technology to improve interoperability with airlines and support future passenger growth. Cross-border Tensions (Guyana-Suriname): Business groups in Guyana renewed calls for boycotts after maps at SEOGS 2026 allegedly depicted Guyana’s New River Triangle as Surinamese territory.

Offshore Oil Momentum: Saipem has started operations for Suriname’s first major deepwater project, GranMorgu, with the Normand Navigator arriving at Jules Sedney Harbour to kick off SURF work ahead of mid-2028 first oil. Exploration Push: TotalEnergies says it expects a new multi-well drilling campaign in 2027, including four exploration wells in Block 58, to expand targets around GranMorgu. Gas Discovery Signal: Petronas reported another gas find in offshore Block 52 (Swartzia Aspasia Complex-1), with eight discoveries in the block totaling over 1 billion barrels of oil equivalent—fueling expectations for a Block 52 FID this year. Airport Modernisation: Johan Adolf Pengel International Airport (PBM) rolled out CUPPS passenger processing tech, improving airline interoperability and passenger flow as more carriers move into certification. Regional Energy Cooperation: Trinidad and Tobago and Suriname energy chambers signed an MoU to strengthen private-sector participation and local supply-chain value as the offshore boom accelerates. Cross-Border Friction: Guyana business groups again condemned map misrepresentation at SEOGS 2026, calling for a boycott of future events until the issue stops.

Offshore Oil & Gas Momentum: Saipem has started operations for Suriname’s first large-scale deepwater project, GranMorgu, after the Normand Navigator moored at Jules Sedney Harbour. The SURF work covers subsea umbilicals, risers and flowlines in 100–1,100m water depths, with first oil targeted for mid-2028. New Discoveries & FID Signals: Petronas says it has made another gas discovery in offshore Block 52 (Swartzia Aspasia Complex-1), with eight discoveries in the block totaling over 1 billion barrels of oil equivalent; Suriname expects a Final Investment Decision this year. Exploration Push: TotalEnergies says it plans a multi-well exploration campaign in 2027, including four wells in Block 58, to expand potential around GranMorgu. Regional Energy Cooperation: Guyana and Jamaica signed an MoU to set up an energy working group, while Canada and CARICOM renewed a results-focused action plan spanning competitive economies, climate action and regional security. Trade & Industry Tech: Paramaribo-Zanderij International Airport introduced CUPPS passenger processing tech to improve airline interoperability and passenger flow. Energy Summit Friction: Business groups in Guyana renewed calls to boycott Suriname events after a map at SEOGS 2026 allegedly misrepresented the New River Triangle.

Offshore Oil Momentum: Saipem has started operations for Suriname’s first major deepwater project, GranMorgu, after the Normand Navigator moored at Jules Sedney Harbour in Paramaribo. The SURF contract covers engineering through start-up for subsea umbilicals, risers and flowlines in 100–1,100m water depths, with first oil still targeted for 2028. Block 52 Gas Upside: President Jennifer Simons says Petronas has made another gas discovery at offshore Block 52, where eight discoveries total over 1 billion barrels of oil equivalent; Petronas is expected to make a Final Investment Decision later this year. Exploration Push: TotalEnergies’ vice president says the company expects a new multi-well drilling campaign in Suriname next year, including four exploration wells in Block 58, with Staatsolie saying there’s “plenty of room” to find more oil. Airport Tech for Industry: Johan Adolf Pengel International Airport (PBM) rolled out CUPPS passenger processing tech to link airline systems and support future passenger growth. Regional Energy Diplomacy: Canada and CARICOM renewed their strategic partnership, with a results-focused action plan spanning resilient economies, climate action and regional security. Energy Trade & Logistics: Trinidad and Tobago’s Energy Chamber and Suriname’s Energy Chamber signed an MoU to strengthen private-sector participation and local content across the supply chain. Energy Summit Friction: Guyanese business groups are calling for boycotts after a map at SEOGS 2026 allegedly misrepresented Guyana’s New River Triangle as Surinamese territory.

Offshore Oil & Gas Momentum (Suriname): Saipem has started operations for Suriname’s first major deepwater project, GranMorgu, after the Normand Navigator arrived at Jules Sedney Harbour to begin SURF installation work for TotalEnergies’ 2028 first oil target. Petronas Block 52 Update: President Jennifer Simons says Petronas has made another gas discovery at offshore Block 52 (Swartzia Aspasia Complex-1), with eight discoveries in the block totaling over 1 billion barrels of oil equivalent and a Final Investment Decision expected later this year. More Drilling Planned: TotalEnergies expects a new multi-well exploration campaign in 2027, including four wells in Block 58, while Staatsolie says there’s still room to find additional reserves that could tie back into GranMorgu. Energy Industry Logistics & Capacity: The GranMorgu SURF campaign includes major port logistics and marine support bases in Paramaribo to handle pipes and subsea equipment at water depths of 100–1,100 metres. Regional Energy Cooperation: Trinidad and Tobago’s energy chamber and Suriname’s energy chamber signed an MoU to strengthen private-sector participation and local content across the southern Caribbean. Infrastructure Modernisation (Aviation): Johan Adolf Pengel International Airport introduced CUPPS passenger processing technology to improve interoperability with airline departure systems. CARICOM-Canada Diplomacy: Canada and CARICOM renewed their strategic partnership with a results-focused action plan spanning resilient economies, climate action, and regional security.

Offshore Oil Momentum in Suriname: Saipem has started operations for TotalEnergies’ GranMorgu SURF campaign offshore Suriname, with the Normand Navigator moored at Jules Sedney Harbour in Paramaribo; first oil remains targeted for 2028, as the project (Block 58) moves from engineering into installation logistics. More Gas Signals for Block 52: President Jennifer Simons says Petronas has made another gas discovery at offshore Block 52, bringing eight discoveries to over 1 billion barrels of oil equivalent and setting up a potential Final Investment Decision later this year. Next Drilling Push: TotalEnergies expects a multi-well exploration campaign in Suriname next year, including four new exploration wells in Block 58, with Staatsolie saying there’s still room to find additional oil and that new finds could be developed or tied back to GranMorgu. Airport Modernisation for Industry: Johan Adolf Pengel International Airport (PBM) has rolled out CUPPS passenger processing technology to improve airline interoperability and passenger flow as Suriname prepares for growth. Regional Energy Cooperation: CARICOM and Canada renewed their strategic partnership with a results-focused action plan spanning competitive economies, climate action, and regional security—relevant for investment confidence across the region. Energy Transition Pressure: A new study challenges assumptions about who bears carbon pricing costs, finding household spending patterns can matter more than income alone.

Offshore Oil Build-Out: Saipem has started operations for Suriname’s first major deepwater project, GranMorgu, after the Normand Navigator arrived at Jules Sedney Harbour to begin preliminary SURF work; first oil remains targeted for mid-2028. New Discoveries & FID Pressure: Petronas says it has made another gas discovery in offshore Block 52 (SAC-1), bringing eight finds to over 1 billion barrels of oil equivalent, with a Final Investment Decision expected this year. Exploration Push: TotalEnergies expects to launch a multi-well drilling campaign next year in Block 58 (four exploration wells), aiming to unlock further potential alongside the GranMorgu development. Energy Diplomacy: Canada and CARICOM renewed their partnership with a results-focused action plan spanning competitive economies, climate action, and regional security. Airport Modernisation: Johan Adolf Pengel International Airport introduced CUPPS passenger processing tech to improve interoperability with airlines and support future passenger growth. Regional Friction: Guyanese business groups renewed calls for boycotts after a map at SEOGS 2026 allegedly depicted the New River Triangle as Surinamese territory.

Offshore Oil Build-Out: Saipem has started operations for Suriname’s first major offshore development, the GranMorgu project, after the Normand Navigator vessel arrived and moored at Jules Sedney Harbour in Paramaribo. The SURF contract covers engineering through start-up for subsea umbilicals, risers and flowlines in 100–1,100m water depths, with first oil targeted for mid-2028. Investment Momentum: Petronas says it has made another gas discovery at offshore Block 52 and that eight discoveries there total over 1 billion barrels of oil equivalent, with a Final Investment Decision expected this year—potentially unlocking multiple developments. Exploration Push: TotalEnergies expects to begin a multi-well drilling campaign next year (four exploration wells) in Block 58, the same area tied to GranMorgu, while Staatsolie says there’s still room to find more. Regional Energy Cooperation: Guyana and Jamaica will set up an energy working group, and Curaçao is positioning itself as a maritime and logistics partner for the Suriname-Guyana basin. Industry Logistics Upgrade: Paramaribo-Zanderij International Airport has introduced CUPPS passenger processing technology to improve airline interoperability and passenger flow. Local Industry Signal: Founders Metals reported new gold intersections in southeastern Suriname, extending mineralization at its Antino project.

Offshore Oil & Gas Build-Out: Saipem has started offshore operations for Suriname’s first large-scale development, GranMorgu, after the Normand Navigator arrived and moored at Jules Sedney Harbour. The SURF contract covers subsea umbilicals, risers and flowlines for Block 58 (about 150 km offshore), with production targeted for 2028; TotalEnergies (40%) leads with APA (40%) and Staatsolie (20%). New Discoveries: Suriname President Jennifer Simons says Petronas has made another gas discovery in offshore Block 52, bringing eight discoveries and over 1 billion barrels of oil equivalent, with a final investment decision expected later this year. Exploration Expansion: TotalEnergies says it expects to begin a new multi-well drilling campaign in Suriname next year, including four exploration wells at Block 58, to unlock further potential around GranMorgu. Airport Modernisation: Johan Adolf Pengel International Airport (PBM) rolled out CUPPS passenger processing technology to integrate with airline departure systems, aiming to support future passenger growth. Mining & Metals: Founders Metals reported new gold results at its Antino Gold Project in southeastern Suriname, including 53.1 m at 1.21 g/t Au from surface in a newly tested area. Energy Industry Cooperation: The Energy Chamber of Trinidad and Tobago and the Suriname Energy Chamber signed an MoU at SEOGS 2026 to boost private-sector participation and local content. Regional Friction: Guyanese business groups again condemned map depictions of the New River Triangle at SEOGS 2026, calling for boycotts of future events until the issue stops.

Offshore Oil & Gas Build-Out: Saipem has officially started operations for Suriname’s first large-scale offshore development, the GranMorgu project, after the Normand Navigator arrived at Jules Sedney Harbour to begin preliminary work for TotalEnergies’ SURF package (Block 58, ~150 km offshore). New Discoveries in Block 52: President Jennifer Simons says Petronas has made another offshore gas discovery at Block 52, bringing eight discoveries and over 1 billion barrels of oil equivalent; Petronas is expected to make a final investment decision later this year for gas development. Next Drilling Campaign: TotalEnergies says it expects to launch a multi-well exploration campaign next year, including four new exploration wells at Block 58, to expand targets around the GranMorgu area. Airport Modernisation: Paramaribo-Zanderij International Airport (PBM) rolled out Common Use Passenger Processing System (CUPPS) technology with Ink Innovation/Wintel to improve passenger processing and airline interoperability. Mining & Exploration: Founders Metals reports a new gold discovery west of Upper Antino in southeastern Suriname, with high-grade intercepts in follow-up drilling. Regional Energy Cooperation: The Trinidad and Tobago and Suriname energy chambers signed an MoU to strengthen private-sector participation and local content across the supply chain. Cross-Border Friction: Guyanese business groups are calling for boycotts after a map at SEOGS 2026 allegedly depicted the New River Triangle as Surinamese territory.

Airport Modernisation: Paramaribo-Zanderij International Airport (PBM) has rolled out Ink CUPPS common-use passenger processing technology, linking the renovated terminal to airline departure control systems and moving multiple carriers into certification and interoperability. Offshore Oil Build-Out: Saipem has started offshore operations for the GranMorgu project after the Normand Navigator arrived at Jules Sedney Harbour, kicking off SURF work for TotalEnergies (40%) with APA (40%) and Staatsolie (20%); first production remains targeted for 2028. New Gas Signals: President Jennifer Simons says Petronas has made another gas discovery in offshore Block 52 (SAC-1), with the block’s eight discoveries totaling over 1 billion barrels of oil equivalent and a possible final investment decision later this year. Exploration Push: TotalEnergies expects a new multi-well drilling campaign in Suriname next year, including four exploration wells at Block 58, to expand targets around the GranMorgu area. Regional Energy Cooperation: The Trinidad and Tobago and Suriname energy chambers signed an MoU to strengthen private-sector participation and local content in the supply chain. Business-Forum Friction: Guyanese chambers and the Private Sector Commission again called for boycotts after a map at SEOGS 2026 allegedly depicted the New River Triangle as Surinamese territory. Mining & Production Pipeline: Founders Metals reported a new gold discovery west of Upper Antino in southeastern Suriname, while Miata Metals extended gold mineralization at Sela Creek with deeper down-dip results.