Suriname and Guyana Advance Toward Joint Gas Reserve Exploitation

Suriname and Guyana are taking significant steps toward jointly exploiting gas reserves off their coasts. Staatsolie director Annand Jagesar stressed the importance of this collaboration, acknowledging that while immediate outcomes are unlikely, both countries are committed to developing a shared approach.

In a recent meeting with Guyana’s Vice President Bharrat Jagdeo, Jagesar discussed the potential of the Makka and Kwaskwasi discoveries in Suriname, as well as the Haimara and Pluma discoveries in Guyana. He emphasized that collaboration could enhance operational scale, but many logistical and technical challenges still need to be addressed before progressing.

Jagesar was in Guyana as part of a Suriname delegation that included Foreign Affairs, International Business and International Cooperation Minister, Albert Ramdin that met with Guyana’s Vice President Bharrat Jagdeo. Ramdin said that the meeting in Guyana “took place in a very pleasant and open atmosphere,” and that both countries recognise the importance of cooperation in the field of gas.