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.

In our institutional function (Staatsolie Hydrocarbon Institute) we act on behalf of the State in assessing Suriname’s offshore hydrocarbon potential. 

Suriname Demerara Bid Round 2022-2023
A competitive bid round of six new blocks in the currently sparsely explored Demerara acreage of Suriname. The blocks are located east to the current offshore discoveries and have a water depth varying from 400 to 3500 meters.
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Semi-annual interest payment
The sixth semi-annual interest on the 2020-2025 and 2020-2027 Staatsolie bonds will be made payable as of Thursday 23 March 2023.
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APA Corporation Announces Second Successful Flow Test at Sapakara South
APA Corporation today announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery.
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Staatsolie and subsidiaries VAT registered
Staatsolie and its subsidiaries are registered and have received a VAT certificate from the tax authorities.
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Staatsolie Exceeds Production Targets
Staatsolie Maatschappij Suriname N.V. looks back on 2022 with a positive feeling.

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.