Suriname, a small country on the northeast coast of South America, is making a decisive move in its energy sector's history. Staatsolie, the national oil and gas company, announced its need to secure unprecedented financing of $1.5 billion to participate in the expansive Gran Morgu project. Led by French energy giant TotalEnergies $TTE.PA, this project promises to become Suriname's first major offshore development. The discovered oil and gas reserves position Suriname alongside rapidly developing Guyana, which has already established itself as a potential regional leader in this industry.