Who are we

We are Staatsolie Maatschappij Suriname N.V., a vertically integrated state-owned company founded in 1980. We explore, drill, produce, refine, market, sell and transport petroleum and products refined from it. We also generate electricity. With the production and supply of energy, we meet the growing energy needs of our society.

Join our investment opportunities
Suriname's offshore potential is attracting more attention from the industry. Over the years, renowned IOCs have partnered with us to unlock the huge hydrocarbon potential of the Guiana basin. We welcome all interested parties to join us.
Newsroom
Staatsolie Makes Important Contribution to State Treasury for Financial Year 2021
Staatsolie Maatschappij Suriname N.V. (Staatsolie) announces its audited results for the full year ended 31 December 2021. The company closed the financial year with a consolidated revenue of US$ 558 million.
Newsroom
Staatsolie and Chevron Sign Production Sharing Contract for Shallow Offshore Block 7
Staatsolie Maatschappij Suriname N.V. (Staatsolie) and Chevron Exploration Suriname Limited (Chevron) are pleased to announce they are expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for this purpose on 26 April 2022.
Newsroom
SPCS Takes Brokopondo Residents' Concerns About Flooding Seriously
Staatsolie Power Company Suriname N.V. (SPCS), a subsidiary of Staatsolie, sympathizes strongly with the residents in the residential communities in Brokopondo affected by flooding.
Newsroom
Spill Gates Afobaka Dam Open Longer Due to Persistent High Water Level Reservoir
The spill gates of the Afobaka dam will remain open until August 2022 due to the persistent high water level in the reservoir.

Our Business

We are involved in exploration, drilling, production, refining, marketing, sales, and transport of crude and refined products, and the generation of electricity. Our core activities are grouped in an Upstream and a Downstream asset, strongly supported by a variety of corporate services. They all play a part in realizing our vision.

Upstream

Our core upstream activities are exploration, drilling, crude production, and crude treatment and pipeline operations.

Downstream

Our core downstream activities involves refining of crude oil, sales, bunkering, electricity generation and retail of high-end products. 

Products & Services

Through our subsidiary GOw2, we provide Suriname with our high-end products diesel and gasoline. Also, we provide excellent bunkering services.  

Social Impact

Being responsible for people and the environment is one of our core values. We support the advancement of the Surinamese people by contributing to a wide range of social projects. We strive to minimize negative impacts upon the environment. 

Investment Opportunities

We welcome partners in our quest to explore our offshore hydrocarbon potential. Our Production Sharing Contracts are world-class and fair towards all parties. Join us.

Why Invest in Suriname?

With an estimated resource potential of 13.6 billion barrels (P50), the United States Geological Survey (USGS 2012) ranks the Guiana 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.