Petroleum Investment Opportunities

Offshore Suriname is virtually un-explored, with only 22 exploration wells drilled in an area of approximately 150,000 square km. Find out about the opportunities....

Staatsolie Foundation for Community Development

The Staatsolie Foundation for Community Development supports sustainable development projects for the benefit of the community. Download brochure (Dutch)

Annual Report 2012

The consolidated gross revenues amounted to US$ 1,047 million, 34% higher than 2011. The average product net sales price was US$ 103.77 per barrel compared to an average net sales price of US$ 100.53 per barrel in 2011, an increase of 3%. The resulting return on equity increased from 46% in 2011 to 55%. The profit before tax increased by 16% and amounted to US$ 479 million compared to US$ 414 million in 2011. Contributions to the government budget of US$ 352 million increased by 22%: US$ 153 million for tax obligations and US$ 199 million as dividend. Total investment expenditures amounted to US$ 465 million compared to US$ 190 million in 2011.

Download the Annual Report 2012 here
(pdf - 50.2 kb)


Staatsolie Magazine
The March 2013 edition is now available. Download Staatsolie Nieuws March 2013 here (pdf - 2.81 MB) Previous issues available here

Vision and Values

Core Values

HSEC Focused
We put health and safety first, strive for zero harm to our people and the communities around us, and minimize negative impacts upon the environment.
Integrity
We are honest and do what we say we will do.
People Focused
We Create a supportive and collaborative environment, respect each other, are open to other’s ideas and facilitate personal and professional growth.
Excellence
We set high standards for quality, strive to exceed expectations and do our work with a sense of urgency.
Accountability
We accept responsibility for our job and actions, are co-operative, and create a non-blaming environment.

Vision

The core business of Staatsolie is the development of energy resources. Activities include exploration, development, production and refining & marketing of hydrocarbons and the generation of power. Staatsolie may pursue other business opportunities, if these are aligned with its business vision. To this end the following vision has been formulated.

Staatsolie Vision 2020

Leading the Sustainable Development of Suriname's Energy Industry.
Making a Strong Contribution to the Advancement of our Society.
Becoming a Regional Player with a Global Identity in the Energy Market.

Specials

Realization of a Dream: Staatsolie, a Model for the Development of Natural Resources in Suriname By Eddy S. Jharap, former Managing Director of Staatsolie

Summary
In order to obtain development and prosperity, we cannot continue to have the hands out, but have to work ourselves. Eddy Jharap shows with an example from his own, how a descendant from indentured immigrants, born in an illiterate and poor family, have built a non traditional, but technological advanced petroleum company, Staatsolie, almost from scratch, in a politically turbulent small developing country, Suriname, South America.
More...

De Back Story bij de “De realisatie van een droom (Staatsolie)” (in Dutch)
By Eddy S. Jharap, former Managing Director of Staatsolie

Job Openings / Vacatures

At this moment there are 4 job openings. Follow the hyperlink:

Sr. HRM Officer

Stores Assistant I

Reliability & Maintenance Engineering Superintendent

Systems & Database Administrators