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.
Newsroom
Annoucement of Suriname Shallow Offshore Bid Round 2020/2021
Staatsolie Hydrocarbon Institute N.V. (SHI) is pleased to announce the offer of eight new blocks in the currently unlicensed and underexplored Shallow Offshore (SHO) acreage of Suriname.
Newsroom
Suriname zal nooit meer hetzelfde zijn
Newsroom
Semi-annual interest payment Staatsolie Bonds 2020-2025/2027
The first semi-annual interest will be made payable as of Wednesday 23 September 2020.
Newsroom
Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname
Apache Corporation and Total S.A. provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname.

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.