Suriname's offshore Block 52, which has already seen significant gas discoveries, could achieve commercial status for oil within the next 18 months. Staatsolie's managing director Annand Jagesar indicated that the area is being actively explored for oil, following the successful Declaration of Commerciality for gas in the Sloanea field. Suriname aims to become a major oil and gas producer in South America, leveraging its geological similarities with neighboring Guyana.
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