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Profile

Vision

Leading the sustainable development of Suriname’s energy industry
Becoming a regional player with a global identity in the energy market
Making a strong contribution to the advancement of our society.

Mission

To develop Suriname's hydrocarbon potential over the full value chain, to generate electricity, and to develop renewable sustainable energy resources.
To secure the energy supply of Suriname and to establish a solid position in the regional market.
To expand our reputation based on our growth performance, flexibility and corporate social responsibility.

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.

Company Facts

Official name:		Staatsolie Maatschappij Suriname N.V.
Established on:		13 December 1980
Shareholder:		Republic of Suriname
Board of Executive: Directors		M.C.H. Waaldijk – Managing Director I. J. Poerschke – Finance Director G.P. Sairras – Director Production & Development

Deputy Directors:		B.W. Dwarkasing – Deputy Director Exploration and Petroleum Contracts R.E. Elias – Project Director Refinery Expansion Project A.K. Jagesar – Deputy Director Business Development A.K. Moensi-Sokowikromo – Deputy Director Finance

Employees:		870 (per Januari 2013)
Commercial Activities:		Exploration, drilling, production, refining, marketing, sales, transport of crude and refined products, generation of electricity

Institutional Activities:		Assessment of hydrocarbon potential, promotion, contracting and monitoring activities of other oil companies on behalf of the State

Oil fields:		Tambaredjo, Calcutta and Tambaredjo North-West
Name of the crude:		Saramacca Crude (low in sulfur and metal contents)
Crude production:		16,000 barrels of oil per day
Staatsolie Refinery:		Processing capacity of 7,350 barrels crude per day
Refinery products:		Diesel, fuel oil and bitumen
Markets:		Suriname and the Caribbean

Thermal power plant:		Operational since 2006; capacity 28 megawatts

Download the Company Profile here (pdf - 363kb)

Republic of Suriname

The Republic of Suriname, with its capital city Paramaribo, is located just north of the Amazon delta on the northeast coast of South America. It is bordered in the north by the Atlantic Ocean, in the west by Guyana, in the east by French Guiana, and in the south by Brazil. For the most part, Suriname is covered by tropical rain forest and is thinly inhabited. The population is a rich ethnic blend of approximately 500,000 inhabitants. Although the official language is Dutch, English is widely understood and spoken. Suriname is a parliamentary democracy and has an elected President heading the Government.

The country's rich mining history as one of the major bauxite and alumina producers in the world spans approximately 90 years, with the Alcoa and BHPBilliton as operators.

The sedimentary basin, including the offshore economic zone, covers approximately 155,000 square kilometers/38,000,000 acres. The systematic search for petroleum began in the early sixties, but petroleum development took a leap after 1980 with the set up of Staatsolie, and production sharing service contract models were introduced for the participation of private oil companies in petroleum activities.

Download the Suriname Undiscovered Opportunities here (pdf - 417kb)