Most Favorable Bids for Shallow Offshore Blocks

Staatsolie Maatschappij Suriname N.V. (Staatsolie) hereby announces that after evaluation of all received bids in the SHO Bid Round 2020/2021, the following companies have submitted the most favorable bids for the relevant Blocks:

• Chevron Exploration Suriname Limited for Block 5, and
• the consortium consisting of TotalEnergies and Qatar Petroleum for Block 6 and Block 8.

Staatsolie and the successful bidders are now in the process of concluding Production Sharing Contracts (PSCs) for the relevant blocks and will make further announcements once the PSCs are awarded.