Staatsolie - Suriname's National Energy, Oil & Gas Company

Recent news

08 July 2025

Hess exits Block 59 offshore Suriname

17 June 2025

Staatsolie and PETRONAS sign production sharing contract for Block 66

05 May 2025

Macaw-1 first of five offshore exploration wells in 2025

All news articles

Staatsolie Hydrocarbon Institute (SHI)

Staatsolie Hydrocarbon Institute N.V. (SHI), a 100% Staatsolie subsidiary, fulfills the regulatory role with respect to the petroleum industry in Suriname. In this role, SHI manages the contracts with and oversees the Petroleum Operations by internaltional oil and gas companies in Suriname, to maximize the value of hydrocarbon resources in our basin.

Learn more about SHI

Visual overview of offshore and onshore Blocks in Suriname

As of June 2025, there are 15 active Production Sharing Contracts in both offshore and onshore Suriname.

Check out our interactive map below for an overview of these Blocks and click on a block for more details.

For the interactive map, please view on larger screen.

Insights into legislation, geology, and data

Exploring and developing Suriname's hydrocarbon resources requires a comprehensive understanding of the legislative framework, geological landscape, and available data. To delve deeper into these aspects, explore the following sections on legislation, geology, and data.

Legislation

Geology

Data

Local Content

In line with the petroleum law and Production Sharing Contracts (PSCs), local suppliers of goods and services and qualified local workforce are given preference in the execution of petroleum operations. To increase the capabilities of local suppliers and the local workforce, Staatsolie executes multiple projects under its Local Content Development program.

Community Projects funded by International Oil Companies

Community projects funded by IOCs as part of their obligations under Production Sharing Contracts.

Become a supplier to the offshore industry

If you want to offer goods and services to the Surinamese offshore oil and gas industry, please register your business on the Supplier Registration Portal.

FAQ

Since its founding on December 13, 1980, Staatsolie has paid more than US$ 4 billion in taxes and dividends to the State. Staatsolie's added value to the Surinamese economy is a multiple of this amount.

As an example: In 2023, the contribution to the state treasury was US$ 335 million. That is over thirty percent of the US$ 1 billion in government revenue in 2023. The 2023 annual report and those of recent years can be consulted on the Staatsolie website.

Staatsolie contributes to employment in Suriname with approximately 1,150 direct jobs and many more indirect jobs.

Staatsolie's contribution to the community is significant. Between 2021 and 2023, about US$ 5 million was invested in various social and community projects. Please see the sustainability reports of 2022 and 2023.

All PSCs are and will be concluded based on and in accordance with the Petroleum Law of Suriname. According to the Petroleum Law (Official Gazette 1991, No. 7, and the Amendment of the Petroleum Law 1990), Staatsolie is authorized to enter into petroleum agreements with qualified petroleum companies after government approval.

The fiscal terms consisting of 6.25% royalty, profit oil distribution, and 36% income tax result in a government take for Suriname of 60-70% (after costs), depending on the oil price. Suriname's favorable position has been confirmed through benchmarking with other countries such as Guyana, Brazil, and Angola.