b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)SECTION 8. bidontheRoadtoSea,Nickerie,CommewijneOTHER andCoronieblocks.NegotiationsfromWegnaarZeearestillongoing,whiletheCommewijneandCoronie bloc are still open.8.1 EVENTS AFTER THE REPORTING PERIOD Deckerwill,atitsownriskandforitsownaccount,StaatsolieMaatschappijSurinameN.V.and develop petroleum activities in the Nickerie block. DeckerPetroleumMarketingCo.LTD(Decker), Inacommercialfind,SurinamesshareconsistsfromTrinidadandTobago,signedtheproduction ofcontributionsfromincometaxandprofit.AndifsharingcontractfortheNickerieblockon24May wedecidetostartproduction,wehavetheoption2019. to participate in the Nickerie block for a maximum Thedurationofthecontractis37years,ofwhich of50%fromthedevelopmentphase.Thecontracttheexplorationperiodis7years.RudolfElias, also states that there are no obligations for ManagingDirectorofStaatsolieMaatschappij Staatsolie if the exploration activities do not lead to SurinameN.V.,andMahaseRagoonath, acommercialfind.ManagingDirectorofDecker,signedthecontract AsanoperatoroftheNickerieblock,Deckerison behalf of the companies. now responsible for operational activities as well Theblockwasofferedtooilandgascompanies as guaranteeing the safety of employees and duringtheOpendoorinvitation,whichranfrom protecting the environment.15September2017to15September2018.During Further,inMay2019anInterimdividendof thisperiod,interestedcompanieswereableto US$6,100waspaidtotheshareholder.120 STAATSOLIE 2018 ANNUAL REPORT'