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.

Join our investment opportunities
Suriname's offshore potential is attracting more attention from the industry. Over the years, renowned IOCs have partnered with us to unlock the huge hydrocarbon potential of the Guiana basin. We welcome all interested parties to join us.
Farm-out agreement Offshore Suriname Block 5
Chevron Suriname Exploration Limited (CSEL) has signed a farm-out agreement with Shell (KE Suriname B.V) to assign a 20% participating interest from CSEL’s 60% participating interest in Offshore Suriname Block 5.
Staatsolie takes initiative to set up Oil & Gas stream NATIN
The Natuur Technisch Instituut (Nature Technical Institute, NATIN) will get an oil and gas stream. Staatsolie is working together with NATIN, the Ministry of Education, Science and Culture (MINOWC) and the Dutch Regional Education Center (Regionaal Onderwijs Centrum) Kop van Noord-Holland (ROC KvNH) to set up this new stream.
APA Corporation Announces Updates on Sapakara South and Bonboni Exploration Well in Block 58
APA Corporation today announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname.
Staatsolie signs offshore production sharing contract with Chevron
Staatsolie Maatschappij Suriname N.V. and partner Chevron Exploration Suriname Limited have signed a production sharing contract on 13 October 2021 for offshore-block 5.

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.


Our core upstream activities are exploration, drilling, crude production, and crude treatment and pipeline operations.


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.