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Staatsolie and PETRONAS sign production sharing contract for Block 66

On 17 June 2025, Staatsolie Maatschappij Suriname N.V. signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66 in Suriname's deep offshore.

Staatsolie and the GranMorgu Project backed by broad (inter)national confidence

Staatsolie concludes US$ 1.6 Billion bank loan Staatsolie Maatschappij Suriname N.V. concluded a US$ 1.6 billion bank loan with a group of 18 banks and financial institutions in total on Wednesday, 14 May 2025. With this loan, Staatsolie will finance its twenty percent participation in the GranMorgu project in the offshore block 58.

Staatsolie Contributes over US$ 300 million to State Treasury for Third Consecutive Fiscal Year

Staatsolie Maatschappij Suriname N.V. reported a revenue of US$ 735 million for the fiscal year 2024. US$ 384 million was contributed to the state treasury, marking the third consecutive fiscal year with contributions exceeding US$ 300 million. The Annual General Meeting of Shareholders (AGM) approved the financial statements for 2024 on Tuesday, May 6, 2025.

Macaw-1 first of five offshore exploration wells in 2025

TotalEnergies plans to begin drilling the Macaw-1 exploration well in Block 64, located offshore Suriname, by mid-May 2025. Macaw-1 is the first of five offshore exploration wells scheduled for drilling this year. If successful, the exploration drilling program could potentially lead to new oil and gas plays in the Suriname-Guyana over the long term.

Staatsolie and PETRONAS sign production sharing contract for Block 66

Staatsolie and the GranMorgu Project backed by broad (inter)national confidence

Staatsolie Contributes over US$ 300 million to State Treasury for Third Consecutive Fiscal Year

Macaw-1 first of five offshore exploration wells in 2025

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IOCs invest US$ 1.7 Million in Surinamese Society

In 2024, the eight offshore Contractors spent US$ 1.7 million on social responsibility initiatives, primarily in education and healthcare, followed by local content. As the regulator of hydrocarbon operations in Suriname, Staatsolie Hydrocarbon Institute N.V. (SHI) strives to maximize the value of Suriname's hydrocarbon resources.

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Staatsolie raises US$211.7 million more than targeted with new bond issue

Staatsolie Maatschappij Suriname N.V. issued a new bond of US$ 515.8 million on 23 March 2025. The total amount is US$ 211.7 million more than the US$ 304.1 million targeted.

Staatsolie outsources water transport of oil products

Staatsolie Maatschappij Suriname N.V. has announced the outsourcing of its barging operations.. For this, Staatsolie has partnered with Holland Energy Services B.V. (HES) and N.V. Scheepvaart Maatschappij Suriname (SMS).

Request Expression of Interest Performing Repairs on 161 kV Towers

Staatsolie Power Company Suriname N.V. (SPCS) is soliciting interest from service providers who have the skills, competencies, experience and technical requirements to carry out the services listed. This is an Expression of Interest and not an Invitation to Bid.

Staatsolie Issues New Bond

Staatsolie Maatschappij Suriname N.V. is launching a new bond to raise at least US$ 250 million and EUR 50 million. The funds will be used to support Staatsolie’s participation in the development of the GranMorgu offshore oil field in Block 58. The official launch of the bond issuance took place on 31 January 2025.

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