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|The Petroleum Contracts division embodies the institutional function of Staatsolie. Our objective is to create the greatest possible value to society from Petroleum activities, through prudent resource management, with utmost respect for the environment, and with highest regard for safety.
Our functions include:
- Assessment of the hydrocarbon potential of Offshore Suriname
- Promotion of available acreage
- Negotiation and monitoring of petroleum sharing contracts
- Liaising between International Oil Companies and the government of Suriname
Offshore Suriname is virtually un-explored, with only 25 exploration wells drilled in an area of approximately 150,000 square km.