News report 📈 Stocks 🌍 Indonesia

Indonesia Targets Guyana and Suriname Upstream Stakes to Secure Oil Supply

Pertamina seeks minority equity stakes in South American oil projects to bolster energy security as regional production in Guyana and Suriname continues to surge.

📅 September 15, 2026 🕐 1 min read

2 assets impacted (Stocks). Net bias: 2 Bullish, 0 Bearish, 0 Neutral. Strongest signal: XOM ↑ 6/10 (65% confidence).

📊 Affected Assets (2)

XOM

Bullish 🤖 65%

📆 Mid-term 🌍 US · Explicit

Exxon leads the consortium producing 900,000 bpd in Guyana, directly benefiting from the country's oil boom.

TTE

Bullish 🤖 60%

🗓️ Long-term 🌍 FR · Explicit

TotalEnergies is developing the $10.5-billion GranMorgu project in Suriname with first oil expected in 2028.

🎯 Key Takeaways

Indonesia aims to reduce reliance on Middle Eastern crude imports by securing direct ownership in South American upstream assets.
Exxon-led operations in Guyana and TotalEnergies' $10.5-billion GranMorgu project in Suriname serve as primary investment targets.
Indonesia faces a significant energy deficit, producing only 600,000 bpd against a demand of 1.6 million bpd.

📝 Executive Summary

Indonesia’s state-owned Pertamina is pursuing upstream investments in Guyana and Suriname to diversify its energy imports away from the Middle East. The move aims to bridge the gap between domestic production of 600,000 barrels per day and consumption levels of 1.6 million barrels per day.

❓ FAQ

Why is Indonesia looking to invest in South American oil projects?

Indonesia seeks to diversify its supply chain and improve energy security to mitigate risks associated with Middle Eastern imports and geopolitical instability.

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