{"id":214121,"date":"2026-11-15T16:10:10","date_gmt":"2026-11-15T19:10:10","guid":{"rendered":"https:\/\/keynews.sr\/guides-to-suriname\/oil-and-gas-in-suriname-granmorgu-revenues-and-royalties\/"},"modified":"2026-11-15T16:18:30","modified_gmt":"2026-11-15T19:18:30","slug":"oil-and-gas-in-suriname-granmorgu-revenues-and-royalties","status":"publish","type":"page","link":"https:\/\/keynews.sr\/en\/guides-to-suriname\/oil-and-gas-in-suriname-granmorgu-revenues-and-royalties\/","title":{"rendered":"Oil and gas in Suriname: GranMorgu, revenues and royalties"},"content":{"rendered":"\n<p>Oil and gas in Suriname play a major role in expectations about jobs and government revenues. To properly assess developments, it is necessary to distinguish between a discovery, an investment decision, production and money that actually becomes available. This guide explains those steps.<\/p>\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>In this guide<\/h2><nav><ul><li class=\"\"><a href=\"#granmorgu\">GranMorgu and oil and gas in Suriname<\/a><\/li><li class=\"\"><a href=\"#begrippen\">Five terms used in oil reports<\/a><\/li><li class=\"\"><a href=\"#inkomsten\">Why oil revenues are not freely spendable government funds<\/a><\/li><li class=\"\"><a href=\"#royalties\">Royalties and promises to citizens<\/a><\/li><li class=\"\"><a href=\"#kansen\">Jobs and local businesses<\/a><\/li><li class=\"\"><a href=\"#vragen\">Frequently asked questions<\/a><\/li><\/ul><\/nav><\/div>\n\n<figure><img decoding=\"async\" src=\"https:\/\/media.keynews.sr\/2026\/11\/View_on_Paramaribo-scaled.jpg\" alt=\"View over Paramaribo from the Tower of Finance building\" width=\"1280\" height=\"960\" loading=\"lazy\" style=\"max-width:100%;height:auto\" title=\"\"><figcaption>Paramaribo, June 27, 2023. Photo: <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:View_on_Paramaribo.jpg\" target=\"_blank\" rel=\"noopener\">SAFPhotography \/ Wikimedia Commons<\/a>, <a href=\"https:\/\/creativecommons.org\/licenses\/by-sa\/4.0\/\" target=\"_blank\" rel=\"noopener\">CC BY-SA 4.0<\/a>. Display reduced in size. Archive image illustrating the living environment; not a recording of a specific service or event.<\/figcaption><\/figure>\n\n<h2 class=\"wp-block-heading\" id=\"granmorgu\">GranMorgu and oil and gas in Suriname<\/h2>\n\n<p>GranMorgu is the offshore development in Block 58 with TotalEnergies, APA and Staatsolie as partners. In a project update from October 2026, Staatsolie reported that first oil production is scheduled for 2028. The company describes work on the production vessel and subsea installations. This is a project schedule, not a guarantee that production will begin on a specific day. Source: <a href=\"https:\/\/www.staatsolie.com\/nl\/nieuws\/bezoek-ceo-totalenergies-onderstreept-voortgang-granmorgu-project\/\" target=\"_blank\" rel=\"noopener\">Staatsolie on the progress of GranMorgu<\/a>.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"begrippen\">Five terms used in oil reports<\/h2>\n\n<ul><li><strong>Exploration:<\/strong> research into possible reserves.<\/li><li><strong>Discovery:<\/strong> oil or gas has been found. This does not yet mean that commercial extraction is certain.<\/li><li><strong>Investment decision:<\/strong> partners decide to finance and carry out the development.<\/li><li><strong>First production:<\/strong> the project actually begins producing oil or gas.<\/li><li><strong>Revenue:<\/strong> an amount for which it must always be clear whether it refers to gross turnover, profit or government revenue.<\/li><\/ul><p>The final investment decision for GranMorgu was announced on October 1, 2024. For the schedule at the time, read the <a href=\"https:\/\/www.staatsolie.com\/en\/news\/totalenergies-and-apa-corporation-announce-final-investment-decision-for-block-58\/\" target=\"_blank\" rel=\"noopener\">original announcement<\/a>.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"inkomsten\">Why oil revenues are not freely spendable government funds<\/h2>\n\n<p>A project has development costs, financing and operating expenses. Government revenues can flow through various channels, depending on the agreements and legislation. An estimate must therefore state which cash flow is meant and which assumptions about production, prices and costs have been used.<\/p><p>Only compare two forecasts if they describe the same period and the same type of revenue. A total over the entire lifetime of a field cannot be interpreted as an annual amount. Nor is a share in a project the same as the same percentage of every gross sales payment.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"royalties\">Royalties and promises to citizens<\/h2>\n\n<p>A royalty for the government, a political proposal for income sharing and a personal payment are different things. An announcement about oil wealth does not prove that a citizen already has an enforceable claim to an amount. For that, find the official regulation, the implementing body, the target group and the conditions.<\/p><p>Do not give money or personal bank codes to anyone who promises to release a future oil payment. Verify a registration directly through the competent government agency. This guide does not confirm any individual claim and does not provide investment advice.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"kansen\">Jobs and local businesses<\/h2>\n\n<p>For jobs and contracts, concrete vacancies, certification and procurement conditions matter. Ask who the employer or contracting party is, what work is being offered and what training is actually required. A large investment amount is not a count of new jobs for residents.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"vragen\">Frequently asked questions<\/h2>\n\n<h3>Does every discovered field immediately begin production?<\/h3><p>No. Research, assessment, financing and development come first.<\/p><h3>Where can I follow new decisions?<\/h3><p>Read <a href=\"https:\/\/keynews.sr\/en\/b2s-en\/economy\/\">Economy<\/a> and compare important figures with the original project or government documents.<\/p>\n\n<h2>Related guides<\/h2><ul><li><a href=\"https:\/\/keynews.sr\/en\/guides-to-suriname\/working-in-suriname-minimum-wage-payslips-and-vacancies\/\">Working in Suriname: minimum wage, payslips and vacancies<\/a><\/li><li><a href=\"https:\/\/keynews.sr\/en\/guides-to-suriname\/elections-and-governance-in-suriname-how-to-follow-decisions\/\">Elections and governance in Suriname: how to follow decisions<\/a><\/li><\/ul><p><a href=\"https:\/\/keynews.sr\/en\/guides-to-suriname\/\">View all guides about Suriname<\/a>.<\/p><h2>Sources and current information<\/h2><p>Compiled on November 15, 2026. The source links appear with the relevant explanations. Amounts, opening hours, procedures and programmes may change. Before submitting an application, making a payment or visiting, check the most recent information from the responsible organisation. A historical report is identifiable on this page by the period mentioned.<\/p><p>This guide provides general background information from Key News. Do you have a factual correction or a new official source? Submit it via <a href=\"https:\/\/keynews.sr\/en\/contact\/\">the contact page<\/a>, with the link to this guide. Also read our <a href=\"https:\/\/keynews.sr\/en\/editorial-policy-and-corrections\/\">editorial and corrections policy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and gas in Suriname explained: GranMorgu, first production, state revenues, royalties and the difference between plans and payments.<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":214074,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_29234516172805655_1445375691985227":"","facebook_29234516172805655_1158244960706604":"","facebook_29234516172805655_108923581283702":"","facebook_29234516172805655_1309923202201307":"","facebook_29234516172805655_1093738170500407":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","jnews_page_loop":[],"jnews_single_page":[],"footnotes":""},"class_list":["post-214121","page","type-page","status-publish","hentry"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"","pp_force_visibility":null,"pp_subpost_visibility":null,"pp_inherited_force_visibility":null,"pp_inherited_subpost_visibility":null,"_links":{"self":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/pages\/214121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/comments?post=214121"}],"version-history":[{"count":2,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/pages\/214121\/revisions"}],"predecessor-version":[{"id":214264,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/pages\/214121\/revisions\/214264"}],"up":[{"embeddable":true,"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/pages\/214074"}],"wp:attachment":[{"href":"https:\/\/keynews.sr\/en\/wp-json\/wp\/v2\/media?parent=214121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}