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.

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.
Suriname Demerara Bid Round 2022-2023 announced
Staatsolie Hydrocarbon Institute N.V. (SHI) is pleased to announce the offer of six new blocks in the offshore Demerara acreage of Suriname via a round of competitive bidding.
Staatsolie contributes SRD 29 million to National Healthcare Recovery Plan
Staatsolie Maatschappij Suriname N.V. will support the National Healthcare Recovery Plan with SRD 29 million. The money will be used to alleviate the acute emergency in the health sector.
Oil and gas training NATIN starts
The oil and gas training at the secondary technical school NATIN has started ceremonially today, Friday 28 October 2022. A group of thirty students is the first to start this eighteen-month program.
Request for Expression of Interest Simplify & Innovate Desktop environment
Staatsolie is soliciting interest from qualified service providers to carry out the services listed. This is an Expression of Interest and not an Invitation to Bid.

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.