(CMC, 5.Jan.2022) — Staatsolie of Suriname estimates that its gross revenues for last year is in the vicinity of US$400 million, nearly half of which will be paid to the government in taxes, dividends and royalties.
That’s up from 2020 when the state-owned company said it paid US$132 million in taxes and royalties.
Staatsolie said in a statement that production of approximately six million barrels of crude at its Saramacca field was achieved.
“The extreme rainfall and associated flooded production fields and facilities in Saramacca district required additional efforts to achieve the production target,” it said.
Additionally: “In total, 2.97 million barrels of diesel and gasoline were produced, the highest production in the history of the Staatsolie Refinery.”
Staatsolie is planning a review of its existing strategic plan, saying: “An attempt will be made with the partners, who are active in the deep-sea area, to realise an investment decision taken last year.”
The company said it has also taken steps to become an operator in the shallow offshore waters and last October, and that a production sharing contract for Block 5 was signed with Chevron Exploration Suriname Limited.
“With this, Staatsolie is participating as a partner in offshore activities for the first time in its history,” the company said, adding that it was also committed to the development of local content in the offshore oil industry. “This concerns the supply of local goods and services and the filling of jobs by Surinamese,” it said.
The oil company is also considering ways to reduce its carbon footprint in line with the movement worldwide to meet new emissions standards.
“Staatsolie started mapping and auditing its emissions last year. In the coming period, the company will also consider and announce future objectives in this regard,” it said.
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