PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 27.Nov.2025, Words: 419) — Staatsolie Maatschappij Suriname N.V., the Chinese Bureau of Geophysical Prospecting (BGP Offshore), and the Norwegian/American company Tomlinson Geophysical Services Inc. (TGS) started a joint seismic project in the Suriname shallow offshore area off the coast of Saramacca and […]
Tag: Staatsolie Maatschappij Suriname
![EAI brief: Staatsolie announces launch of open-door offering [video]](https://energy-analytics-institute.org/wp-content/uploads/2025/12/banner-opendoor.jpg)
EAI brief: Staatsolie announces launch of open-door offering [video]
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Nov.2025, Words: 81) — State-owned Staatsolie announced launch of Suriname’s open-door offering. The offering aims to offer investors opportunities to unlock new exploration opportunities in the Guiana Basin, one of the world’s most prolific hydrocarbon basins. ____________________ By Piero Stewart reporting from […]
PETRONAS and Staatsolie declare commerciality for Sloanea field offshore Suriname
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.Nov.2025, Words: 315) — PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), together with Staatsolie Maatschappij Suriname N.V., achieved a significant milestone with the Declaration of Commerciality (DoC) of Sloanea field in block 52. RELATED: Staatsolie, PETRONAS, ExxonMobil Ink Block 52 LoA
Staatsolie inks contracts with Petronas and Chevron, advances “Suriname 3.0”
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 5.Nov.2025, Words: 515) — Staatsolie Maatschappij Suriname N.V. signed production sharing contracts (PSCs) for offshore Blocks 9 and 10. The contracts were signed on 5 Nov. 2025 with the operators PETRONAS Suriname E&P B.V. (block 9) and Chevron Suriname Exploration Limited (block […]
Staatsolie inks deals for $1.6bn syndicated credit facility for GranMorgu
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 23.May.2025, Words: 578) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and African Export-Import Bank (Afreximbank), along with 16 other financial institutions reached an agreement with Staatsolie Maatschappij Suriname N.V. for a $1.6bn long-term senior secured financing facility. The credit facility, structured by […]
TotalEnergies eyes Macaw-1, first of 5 exploration wells offshore Suriname in 2025
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 5.May.2025, Words: 534) — France’s TotalEnergies looks to start drilling the Macaw-1 exploration well in Block 64, located offshore Suriname, by mid-May 2025. Macaw-1 will be the first of 5 offshore exploration wells slated to be drilled in 2025. If successful, the exploration […]
Staatsolie raises $211.7mn more than targeted with new bond issue
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 24.Mar.2025, Words: 534) — Suriname’s Staatsolie Maatschappij Suriname N.V. issued a new bond for $515.8mn on 23 Mar. 2025. This amount was $211.7mn more than the $304.1mn that was targeted.   In total, the Staatsolie Bond 2025-2033 raised $468.745.200mn and €43,485,100 (equivalent to […]
SLB Opens New Office in Paramaribo, Expands Presence in Suriname
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — SLB opened its new office in Paramaribo, Suriname. Operating for over 60 years in Suriname, this new office further strengthens SLB’s local presence and commitment to in-country value, SLB announced on 26 Feb. 2025 in an official statement. In Suriname, […]
Staatsolie issues new dollar and euro bond as it eyes $2.4bn stake in GranMorgu
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Jan.2025, Words: 440) — Staatsolie Maatschappij Suriname N.V. launched a new bond to raise at least $250mn and €50mn. Funds from the issuances will be used to support Staatsolie’s participation in the development of the GranMorgu offshore oil field in Block 58. The […]
TotalEnergies Ups Reserves Estimate in Block 58
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.Jan.2025) — TotalEnergies SA said the Sapakara and Krabdagu oil discoveries offshore Suriname hold recoverable reserves estimated at nearly 760 million barrels, up from an earlier estimate of over 750 million barrels. The GranMorgu project in Block 58 will develop the Sapakara […]
Staatsolie eyes raising $2.6bn to enter GranMorgu project offshore Suriname
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Jan.2025, Words: 1,451) — Staatsolie Maatschappij Suriname N.V. plans to participate in the $10.5bn GranMorgu project in Block 58 with up to a maximum of 20% interest. And, as part of this decision, Staatsolie looks to procure its estimated commitment to the […]
Staastolie Eyes Revenues of $720mn and EBITDA of $600mn in 2024
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 30.Dec.2024) — Staatsolie Maatschappij Suriname N.V. expects its consolidated revenue will reach $720mn in 2024, down slightly compared to $722mn in 2023. Pre-tax profit is projected at $429mn in 2024, up compared to $426mn in 2023, while earnings before interest, taxes, depreciation, and […]
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EAI Andean NRG dashboard 4Q:24 [pdf download]
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Dec.2024, Words: 60) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Trinidad and Tobago and the Caribbean. ____________________ By Editors at Energy Analytics Institute. […]
Saipem inks $1.9bn contract for GranMorgu project offshore Suriname
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 14.Nov.2024, Words: 418) — Saipem has been awarded an $1.9bn EPCI contract by TotalEnergies subsidiary TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project offshore Suriname. Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance […]
Petrobras and Staatsolie Maatschappij Suriname N.V. Ink MOU
HOUSTON, TEXAS (Energy Analytics Institute, 26.Sep.2024) — Brazilian energy giant Petrobras signed a non-binding memorandum of understanding (MOU) with its Surinamese counterpart Staatsolie Maatschappij Suriname N.V. aimed at assessing cooperation opportunities in the areas of hydrocarbon exploration and production, carbon capture, new energy sources, contingency response planning, among others. The […]
TotalEnergies, APA Corp. and Staatsolie Progress towards FID on Block 58
(TotalEnergies, 5.Jun.2024) — On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final […]
SEOGS: The Next Stage of Success
(SEOGS, 3.Jun.2024) — Taking place from 4-7 Jun. 2024, SEOGS will be hosted by Staatsolie under the theme: The Next Stage of Success. SEOGS is the market leading energy and offshore event in Suriname and one the largest energy events in the Caribbean attracting a regional and international audience. With the first developments on the […]
Staatsolie, PETRONAS, ExxonMobil ink block 52 LoA
PARAMARIBO, SURINAME (By Staatsolie, 4.Mar.2024, Words: 515) — Staatsolie Maatschappij Suriname N.V. signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil on 4 Mar. 2024. The LoA is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 exploration well in Block 52. PETRONAS made a […]
Staatsolie’s Jagesar Emphasizes Need for National Model
(Energy Analytics Institute, 17.Jan.2024) — Staatsolie managing director Annand Jagesar emphasized the importance of developing a national model for regulation, exploration and development. Jagesar’s comments were made on 17 Jan. 2024, according to a post by the AAPG SPE, and at the start of a two-day multidisciplinary program titled: “Technical […]
TotalEnergies Expands Presence in Suriname with New License
(TotalEnergies, 15.Dec.2023) — TotalEnergies and its partners QatarEnergy and Petronas signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. “TotalEnergies is delighted to expand further its presence in offshore Suriname, together with two strategic partners. This new block fits well with […]
TotalEnergies Boost Inks PSCs for Suriname Offshore Blocks 6 and 8
(TotalEnergies, 15.May.2023) — TotalEnergies and its partners, have signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks […]
Staatsolie Inks PSCs with TotalEnergies and QatarEnergy
(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname N.V. and TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday 8 May 2023. Staatsolie’s task is to promote and contract the offshore areas after its own analyses. In 2021, the Shallow Offshore Bid Round 2020-2021 was […]
![AGM Approves Staatsolie’s 2022 Financial Statements [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/05/cover-staatsolie-summary-report-2022.jpg)
AGM Approves Staatsolie’s 2022 Financial Statements [PDF Download]
(Staatsolie, 8.May.2023) — Staatsolie Maatschappij Suriname NV, together with its subsidiaries, realized a turnover of US$ 840 million in 2022. Subsequently, the contribution to the state treasury is US$ 320 million. The General Meeting of Shareholders (AGM) approved the 2022 financial statements on Monday 8 May 2023. The realized 2022 […]
EAI’s NRGBriefs: Mar. 2023
(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]
Energy Analytics Institute’s NRGBriefs: November 2022
(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]
![Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/suriname-cover-source-staatsolie.png)
Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]
(Energy Analytics Institute, 29.Aug.2022) — A subsurface Suriname-Guyana Basin-wide concept study was performed incorporating historical well data and highlighting the presence of great quantities of gas resources. These estimated resources are in order of 14 Tcf with a 90% probability, state-owned Staatsolie announced 29 Aug. 2022 in its 2021 annual […]
Heritage, Paria, and Staatsolie Ink MoU
(Heritage, 27.Jun.2022) — Earlier today, a Memorandum of Understanding (MoU) between Heritage Petroleum Company Limited, Paria Fuel Trading Company Limited, and Staatsolie Maatschappij Suriname N.V. was executed in Paramaribo, Suriname on the sidelines of the Suriname Energy, Oil and Gas Summit. The MoU establishes a framework for cooperation amongst three […]
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NRGBriefs: Suriname Energy Oil & Gas Summit 2022 [Program Attached]
(Energy Analytics Institute, 8.Jun.2022) — Energy briefs including Suriname preparing to host its premier event: 2nd Suriname Energy Oil & Gas Summit to be held 28-30 June 2022 in Paramaribo; and an Energy Analytics Institute (EAI) quick takeaway regarding Trinidad and Tobago using natural gas production to feedstock for the […]
Staatsolie and Chevron Ink PSC for Suriname Shallow Offshore Block 7
(Staatsolie, 27.Apr.2022) — Staatsolie Maatschappij Suriname N.V. expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for this purpose on 26 April 2022. With the signing of the Production Sharing Contract (PSC), Chevron, with an eighty percent participating interest, has obtained exploration, […]
Day 1 of AAPG ICE Highlights: Staatsolie Executive Angéle Ramsaransing – Karg
(Energy Analytics Institute, 19.Apr.2022) — Highlights from Staatsolie Executive AngĂ©le Ramsaransing – Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive AngĂ©le Ramsaransing – Karg — Staatsolie looks to maintain production […]
SEOGS 2022 Brochure Now Available
(Global Events Partners, 12.Apr.2022) — The main brochure for the 2nd edition of the Suriname Energy, Oil & Gas Summit and Exhibition is available now! “If you are still deciding whether or not your company should be participating in SEOGS 2022 then download the brochure to read the welcome letter […]
NRGBriefs: Zacatecas Silver Provides Update on Panuco Project
(Energy Analytics Institute, 23.Mar.2022) — Energy briefs including Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) providing an update on its diamond drilling program at the Panuco deposit located within the Zacatecas Property in Mexico; and 2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) updating and significantly […]
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NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]
(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]
Spill Gates Afobakadam Open from 2 March
(Energy Analytics Institute, 28.Feb.2022) — The spill gates of the Afobaka dam will be opened from 2 March 2022 due to the high water level in the reservoir, Staatsolie announced 28 February 2022 in an official statement on its website. The spilling will take place over a longer period of […]
Staatsolie Revenue on the Rise
(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 […]
POC Retains Interest in Block 5 Offshore Suriname
(Staatsolie, 17.Dec.2021) — Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., retains its non-operated participating interest of 40%. The details of the deal, signed on 17 December 2021, are not disclosed. Staatsolie welcomes the participation of a renowned party such as Shell in Block 5. […]
TGS, BGP, CGG Commence Acquisition of Suriname 3D Phase 1
(TGS, 11.Nov.2021) — Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, TGS, acting as the marketing and licensing lead in a consortium with CGG and BGP, announced that acquisition for Phase 1 of the Suriname 3D project has commenced. […]
TGS, BGP, CGG Ink Deal With Staatsolie
(TGS, 19.Oct.2021) — TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP, today announced the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the Republic of Suriname. The agreement allows the consortium to […]
Staatsolie Inks Offshore PSC With Chevron
(Staatsolie, 13.Oct.2021) — By signing the Production Sharing Contract (PSC), Staatsolie grants Chevron rights for exploration, development and production in the offshore area, while Staatsolie retains the right to a forty percent participation. For the first time in Staatsolie’s history the company will participate as a partner in offshore activities […]
NRGBriefs: Colombia Eyes Hydrogen
(Energy Analytics Institute, 29.Sep.2021) — Energy briefs including revelation of Colombia’s hydrogen roadmap, Xodus conducting a study of Suriname’s gas resources and TotalEnergies CEO Patrick PouyannĂ© presenting the co.’s strategy outlook presentation. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia’s oil and mines minister Diego Mesa revealed 29 Sep. 2021 […]
Suriname Webinar On O&G Local Content
(Energy Analytics Institute, 24.Aug.2021) — Staatsolie in cooperation with ExxonMobil will be hosting a webinar on ‘Local Content in the O&G industry’. As a supplier who can potentially provide support to oil and gas operations, you are cordially invited to participate in this webinar. Date: Wednesday 1 September 2021 Time: […]
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away […]
Guyana, Suriname Reveal Joint Gas Development Strategy
(S&P Global, 19.Aug.2021) — The presidents of Guyana and Suriname said Aug. 19 their countries will craft a joint strategy to develop their natural gas reserves to fuel their economic development, as well as to supply Brazil, their large southern neighbor. “Through the gas strategy, we will be working on […]
TotalEnergies In Two New Exploration Licenses In Suriname
(TotalEnergies, 25.Jun.2021) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated […]
TotalEnergies, QP Win Exploration Blocks Off Suriname
(Argus, 20.Jun.2021) — A consortium of TotalEnergies and Qatar’s state-owned QP have won two offshore exploration blocks in Suriname following the South American state’s latest bid round launched in November. TotalEnergies, formerly Total, will leads the consortium with a 40pc stake, alongside QP with 20pc. Suriname’s state-owned Staatsolie will hold […]
Qatar Petroleum Enters Suriname’s Block 6 And Block 8
(Qatar Petroleum, 19.Jun.2021) – A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the recent Suriname offshore bid round. The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie. A consortium comprising of Qatar […]
SEOGS2021 Highlights: Day 3
(Energy Analytics Institute, 3.Jun.2021) — Select highlights from 3 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from Staatsolie Upstream Director Rehka Bissumbhar to National Energy President Dr. Vernon Paltoo follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which […]
SEOGS2021 Highlights: Day 2
(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]
The SEOGS2021: Day 2 Brief
(Energy Advance, 2.Jun.2021) — Day 2 at SEOGS saw the total audience grown to 624 participants with over 509 engaged users. We welcomed the theme of sustainable development of natural resources for the benefit of all and covered topics of oil and gas best practice, HSSE, FPSO’s, drilling and deepwater technology, […]
SEOGS2021 Highlights : Day 1
(Energy Analytics Institute, 1.Jun.2021) — Select highlights from 1 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from President Chandrikapersad Santokhi to Staatsolie CEO Annand Jagesar follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which was held virtually from […]