Petroleum Regulator

Role

Staatsolie was set up in 1980 to monitor the operations of Gulf Oil that had an agreement to execute petroleum operations offshore Suriname. In the year 2000, the strategic decision was taken to also develop the regulators role. The division Petroleum Contracts was set up to embody that role.

Organization

The Petroleum Regulator must optimize the value from petroleum operations for the Surinamese society through prudent resource management with utmost respect for the environment and the highest regard for safety.

  1. Manage petroleum data of Suriname (NDR).
  2. Assess of petroleum potential of the Suriname part of the Guiana Basin.
  3. Define the exploration strategy for open acreage.
  4. Promote petroleum investment by third parties.
  5. Negotiate petroleum contracts.
  6. Supervise, technically and financially, the petroleum operations of the IOCs.
  7. Liaison with governmental authorities to improve the petroleum infrastructure in Suriname.

Legislation and Guidelines

By virtue of the Mining Decree (Official Gazette 1986, no 28) concession rights for petroleum activities are granted exclusively to state enterprises. According to the Petroleum Law (Official Gazette 1991, no 7), state enterprises with petroleum concession rights, are authorized to enter into petroleum agreements with other established petroleum companies.

Suriname's mining and hydrocarbon legislation and guidelines adhere to international standards and best practices. These ensure respect for rights and obligations. Also, our production sharing contract is of world-class.

Active Production Sharing Contracts

The Petroleum Regulator acts on behalf of the State in assessing Suriname’s offshore and onshore hydrocarbon potential, attracting qualified international oil companies, negotiating petroleum contracts and monitoring the execution of such contracts. 

As of 3 October 2019, there are 14 active production sharing contracts.

Geology

The Suriname-Guyana Basin is a sedimentary basin encompassing the coastal area of French Guiana, Suriname, Guyana and the eastern part of Venezuela (Antillean Arch). Most of the Guyana-Suriname Basin lies offshore, where the sediment package becomes thicker as the basin grows deeper. The outcrop of crystalline Proterozoic basement, the Guiana Shield, marks the southern limit.

Commercial production is for the time being only in the onshore Tambaredjo, Calcutta and Tambaredjo Northwest Fields in Suriname, with an original STOIIP of 1 Billion barrels. These fields are currently producing approximately 16,000 BOPD. Staatsolie has been, for the last 30 years, the sole operator of these fields.

Basin Evolution

Geological Framework

Petroleum Systems

Bathymetry

 

Here you can have a look at our exploration data. 

Wells database

Seismic Database

Data Packages

News

Contact Petroleum Regulator

Marny Daal-Vogelland
Manager Petroleum Contracts

Tel.: +597 439781 | +597 499649
Fax: +597 530093 | +597 491105
E-mail: madaal@staatsolie.com