Caribbean poised for a surge in project logistics activity
A green light for oil and gas development in Suriname heralds the next spate of project logistics activity, writes Ian Putzger.
Presumably a few champagne corks popped on October 1 when TotalEnergies and APA Corporation announced their decision to go ahead with plans for oil and gas extraction off the coast of Suriname. The drilling in two areas, jointly labelled ‘Gran Morgu’, is expected to yield over 700 million barrels.
TotalEnergies aims to begin output from the USD10.5 billion project in the first half of 2028. The long-awaited decision sets off a surge in activity among project logistics specialists and other heavy lift service providers. UTC, Blue Water Shipping, UAL, BOCS, Jumbo, Intermarine, SAL Heavy Lift, Cargo Consolidators Agency and Mardom have all been readying themselves for the surge.
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