While deepwater discoveries have dominated the Caribbean, shallow-water blocks in Guyana, Suriname, and Trinidad and Tobago are emerging as lower-cost exploration opportunities.

Governments are advancing licensing, seismic surveys, and drilling to unlock nearshore resources, supported by better geological data and technology.

Guyana is expanding beyond the Stabroek Block, awarding shallow-water blocks like S7 under investor-friendly terms.

Suriname sees growing interest with Chevron, Petronas, and QatarEnergy exploring shallow offshore blocks, complementing deepwater projects.

Trinidad & Tobago offers redevelopment potential in mature basins with existing infrastructure.