Oil Secrets of Suriname: Public Largely in the Dark as Offshore Dreams Deferred
For the people of Suriname, offshore oil is supposed to be a game-changer. As they have struggled through a protracted economic crisis over the past decade, they have watched lucrative deep-water discoveries transform neighbouring Guyana. They have also heard their own leaders promise that a similar oil boom will come soon to Suriname, bringing badly needed jobs and wealth for the country’s more than 600,000 people and helping resolve a debt crisis that recently led to riots in the capital. But the people are still waiting. The Final Investment Decision for Suriname’s first deep-water drilling project has been deferred repeatedly, and mounting frustration with the delay has highlighted the secrecy surrounding the nascent industry.
“We should at least know what kind of contracts have been made, and don’t come up with stories that it’s confidential between us and [foreign oil companies],” Surinamese environmentalist Erlan Sleur told the Caribbean Investigative Journalism Network.