PARAMARIBO, Suriname, CMC – The state-owned oil and energy company, Staatsolie Maatschappij Suriname N.V. (Staatsolie), says it will conduct a limited Environmental Impact Assessment (EIA) of the shallow offshore area of Suriname to assess the potential presence of oil and gas accumulations.
It said the study area covers approximately 41,600 km² and extends from the coastline to the northern boundary of four offshore blocks, at approximately 110 km offshore.
“The area is located between the maritime borders with French Guiana and Guyana and has water depths ranging from zero meters near the coast to approximately 70 meters offshore.
Within this study area, seismic surveys will be conducted in an area yet to be defined, with an expected coverage of approximately 2,000 km²,” Staatsolie said.
It said that the” study aims to provide further insight into the subsurface and the potential presence of oil and gas accumulations,” and that the “initial execution of the seismic survey is expected in the third quarter of 2026 and is estimated to take approximately two months”.
Staatsolie said it has also engaged the engineering and consultancy firm ILACO Suriname N.V. (ILACO) to execute the EIA. It said consultations with relevant stakeholders will take place from March through July this year.
Earlier this month, Staatsolie said that Suriname is rapidly emerging as one of the world’s most attractive frontier basins, offering many reasons for international players to consider investing in the Dutch-speaking Caribbean Community (CARICOM) country.
It said recent offshore successes underscore the country’s potential, supported by good geology, attractive fiscal terms, a professional NOC, and low above-ground risks.
“High quality reservoirs, multiple proven source rocks, extension of the golden lane, onshore billion-barrel fields, and high quality, low cost, low carbon resources characterize the good geology.
“This potential is underpinned by a stable fiscal regime and environment enticing to business. As Suriname’s national oil company, Staatsolie offers deep regional expertise, transparent processes, continuous data acquisition, data accessibility, and continuous support. Low above-ground risks are reflected in political stability, safety, minimal entry barriers, fast contract and permit processes, and accessible local services.”
The state-owned oil company said that its “Open-Door Offering” presents a unique opportunity for interested companies to be part of this momentum.
“The acreage on offer covers both shallow and deep-water areas. Interested companies have the flexibility to select their preferred area, propose work programs, and choose between a Production Sharing Contract (PSC) or a Joint Study Agreement (JSA).
“To support informed evaluation, Staatsolie offers access to its GeoAtlas and its GeoPortal. Explore the opportunity and learn more about available acreage, access technical data, and participate in Staatsolie’s OpenDoor Offering,” it added.
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