• Staatsolie signs production sharing contract for Nickerie block

    Staatsolie Maatschappij Suriname N.V. and Decker Petroleum Marketing Co. LTD, from Trinidad, signed the production sharing contract for the Nickerie block on 24 May 2019.
  • Model Offshore PSC available on website

    The model offshore Production Sharing Contract (PSC) for petroleum exploration, development and production is now available on the website.
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  • Submission of proposal for Weg naar Zee Block closed

    Staatsolie has received one (1) proposal from an O&GC for the Weg naar Zee Block between 1 January 2019 and 11 January 2019 under the “ Open Door Invitation for Onshore Suriname 2019”. Other O&GC’s had the opportunity to submit an application for the same acreage until 11 April 2019, 12:00 Local Suriname Time. Staatsolie will review the proposal and agree on a plan forward with the O&GC.
  • Farm-in Petroandina Resources Corporation Block 62

    On 1 April, 2019 Tullow Suriname B.V. transferred a part of its interest in the Production Sharing Contract for the Petroleum, Exploration, Development and Production concerning offshore Block 62 to Petroandina Resources Corporation N.V.
  • Phase 1 2D Seismic Acquisition in Offshore Block 61 Completed

    Cairn Energy PLC, operator in Block 61, just completed part of their 2D seismic acquisition survey in Block 61. From the 9th of January until the 6th of February 2019 the seismic vessel Harrier Explorer acquired ~3,500km of 2D seismic data completing phase 1 of the planned survey. The Harrier Explorer will return in April - May to complete phase 2 of the survey.

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Why invest in Suriname?

With an estimated resource potential of 13.6 Billion barrels (P50), the United States Geological Survey (USGS 2012) ranks the Guyana-Suriname Basin 2nd in the world for prospectivity among the world’s unexplored basins and 12th for oil among all the world’s basins – explored and unexplored.

For the past 35 years, Staatsolie has produced 109 Million barrels of crude oil onshore Suriname from Paleocene and Eocene reservoirs, which is derived from the Canje Formation.  Yet, offshore Suriname is virtually under-explored, with 26 exploration wells drilled in an area of approximately 130,000 km2, of which only 14 wells are drilled beyond water depths of 20m.

With a proven petroleum system in place, a variety of promising plays and a substantial amount of available data, the Guyana-Suriname Basin has all the ingredients to become your next major oil province.

Come explore with us!

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