Staatsolie Archives - Energy Analytics Institute (EAI)

Staatsolie launches open-door offering for prolific Guiana Basin

PARAMAIBO, SURINAME (By Staatsolie, 24.Nov.2025, Words: 233) — Staatsolie launched its open-door offering, an initiative aimed at unlocking new exploration opportunities in the Guiana Basin, one of the world’s most prolific hydrocarbon basins. Approximately 60% of Suriname’s offshore acreage is available, offering qualified Exploration and Production companies flexibility to access a […]

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 […]

APA ups capital guidance for 2025 for GranMorgu project offshore Suriname

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 7.Aug.2025, Words: 200) — APA Corporation raised the full-year 2025 capital guidance for the 220,000 barrel per day (b/d) GranMorgu development offshore Suriname. Capital guidance was raised to $275mn, reflecting additional milestone payments expected in the second-half 2025 (2H:25), while the […]

Hess Corporation exits block 59 offshore Suriname

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Jul.2025, Words: 364) — Hess (Suriname II) Exploration Limited will relinquish Block 59 in offshore Suriname on 8 Jul. 2025. The block will return to state-owned Staatsolie and become part of the open acreage. Hess fulfilled its minimum work obligations and […]

TotalEnergies acquires 25% interest in block 53 offshore Suriname

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 27.Jun.2025, Words: 215) — France’s TotalEnergies inked an agreement to acquire the 25% interest held by Moeve (formerly known as CEPSA) in block 53, offshore Suriname. As such, the French energy giant joins the US’ APA Corporation (operator, 45% WI) and […]

SBM inks contract for 220,000 b/d FPSO GranMorgu with TotalEnergies

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Jun.2025, Words: 204) — SBM Offshore signed an operations and maintenance contract with TotalEnergies EP Suriname B.V., an affiliate of France’s TotalEnergies. The deal relates to the 220,000 barrel per day (b/d) floating production storage and offloading (FPSO) GranMorgu, as part of […]

Staatsolie and PETRONAS ink PSC for deep offshore block 66

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Jun.2025, Words: 315) — Staatsolie Maatschappij Suriname N.V. signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Suriname’s deep offshore block 66. In the deal, PETRONAS, through PSEPBV, acquired the exploration, development […]

EAI’s Suriname NRG Prospector: TotalEnergies and APA eye GranMorgu [23pg pdf download]

PANAMA CITY, PANAMA (Editors at Energy Analytics Institute, 13.Jun.2025, Words: 6,000) — Nestled on the northeaster coast of South America, Surname is a small yet resource rich country poised to emerged as a vital player in the Latin America and Caribbean energy and extractive sectors. Recent developments offshore highlight the […]

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 […]

Suriname overview: energy future looks bright

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Feb.2025, Words: 1,500) — Suriname is located on the northern coast of South America, bordered by the Atlantic Ocean to the north, Brazil to the South, Guyana to the West and French Guiana to the East. Suriname is divided into several defined […]

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 […]

EVENT: Unlocking the Potential of Suriname

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Under the theme “Unlocking the Potential of Suriname: A Path Towards Growth and Prosperity,” IBC 2025 in Paramaribo will bring together local and international stakeholders for a three-day B2B conference. The event will highlight investment opportunities, showcase innovative solutions, and foster […]

Staatsolie Provides Highlights of Key 2024 Activities

PARAMARIBO, SURINAME (Staatsolie, 30.Dec.2024) — With the approval of the development plan and the announcement of the final investment decision (FID) for a production field in Block 58, 2024 marked a historic milestone for Staatsolie Maatschappij Suriname N.V. and Suriname. The production and financial results of the past year confirm […]

ExxonMobil Withdraws from Suriname Block 52

(Piero Stewart, Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Exploration & Production Suriname B.V. formally notified Suriname’s state-owned Staatsolie that it will withdraw from Suriname offshore Block 52 with an effective date of 14 Nov. 2024. The withdrawal is part of ExxonMobil’s ongoing evaluation of assets in its global portfolio, Staatsolie said […]

EAI’s NRGBriefs Oct. 2024: GranMorgu, Uchuva gas potential offshore Colombia

HOUSTON, TEXAS (Energy Analytics Institute, 31.Oct.2024) — Energy briefs as well as others related to finance and projects during Oct. 2024 including TotalEnergies and APA Corp. announcing a $10.5bn FID for the GranMorgu development on Block 58; Mexico Pacific and its $15bn FID for the first phase of Saguaro Energía […]

LatAmNRG matters, highlights, heard: Argentina LNG, $7.3bn Amber-Citgo deal

HOUSTON, TEXAS (By editors at Energy Analytics Institute, 4.Oct.2024, Words: 423) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 4 Oct. 2024. LATIN AMERICA —Argentina: Malaysian energy giant Petronas, which has generated a ton of noise in recent wks about its rumored departure from […]

TotalEnergies takes $10.5bn FID for GranMorgu development on Suriname’s block 58

PARAMARIBO, SURINAME (TotalEnergies, 1.Oct.2024, Words: 800) — Patrick Pouyanné, Chairman and CEO of TotalEnergies, met in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s national oil company, to announce the final investment decision (FID) for the […]

APA Takes $10.5bn FID for First Oil Development Offshore Suriname

(APA, 1.Oct.2024) — APA Corporation’s subsidiary has reached a positive final investment decision (FID) for the first oil development in Block 58, located offshore Suriname. The project has been named GranMorgu, which is derived from a local language and means both “new dawn” and “goliath grouper.” Highlights: GranMorgu will include […]

LatAm NRG Matters: Highlights, Heard

(Energy Analytics Institute, 27.Sep.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Sep. 2024. —Argentina: Petronas is rumored to be pondering stepping back from Argentina LNG, the South American country’s initial LNG export project, leaving YPF alone to search for partners. —Brazil: Petrobras […]

QatarEnergy Boosts Participation Offshore Suriname

(QataEnergy, 18.Jul.2024) — QatarEnergy signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron (the operator) will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company “Staatsolie”, will […]

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 […]

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 […]

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 […]

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 Angéle 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 Angéle Ramsaransing – Karg — Staatsolie looks to maintain production […]

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 […]

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 […]

Suriname Beckons Oil Drillers Ahead Of Poll Result

(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American country is hoping to emulate neighboring Guyana, where ExxonMobil started oil production from the deepwater Stabroek block in December 2019. Suriname’s current production is limited […]

Chevron, Hess, Kosmos Finalizing 1st Prospect Test in Suriname

(Energy Analytics Institute, Aaron Simonsky, 30.May.2018) ‐- Kosmos Energy, Chevron Corporation and Hess Corporation are close to finalizing prospects tests in Block 42 in Suriname. The three companies are finalizing the first of up to three independent tests of prospects in Block 42, announced Kosmos in an official statement last […]