During the past 33 years Staatsolie has developed from a grass-roots operation into an integrated oil company, contributing significantly to the Surinamese economy.
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Well Services Petroleum Company Limited uit Trinidad is door Staatsolie aangetrokken om negen putten te boren in Blok 4 in het near-shore gebied voor de kust van Saramacca. Resultaten van een in 2012 uitgevoerde 2D en 3D seismisch onderzoek hebben aangetoond dat dit blok potentieel winbare oliereserves bevat. Het samenwerkingscontract is vandaag door partijen getekend in de Banquetzaal van hotel Torarica.

Download (Dutch) pdf

Staatsolie has awarded Well Services Petroleum Company Limited (WSPC) from Trinidad & Tobago the contract to drill nine exploration wells in near shore Block 4, off the coast of Saramacca. 2D and 3D seismic surveys conducted in 2012 have shown potentially recoverable oil reserves in the block. The contract was signed on Friday 18 July in Paramaribo.

Download (English) pdf


Petroleum Investment Opportunities

Offshore Suriname is virtually un-explored, with only 22 exploration wells drilled in an area of approximately 150,000 square km. Find out about the opportunities....

Staatsolie Foundation for Community Development

The Staatsolie Foundation for Community Development supports sustainable development projects for the benefit of the community. Download brochure (Dutch)

Annual Report 2013
Annual Report 2013

The consolidated gross revenues amounted to US$ 1,023 million, slightly 2% lower than 2012 record year. The average product net sales price was US$ 98.97 per barrel compared to US$ 103.77 per barrel in 2012, a decrease of 5%. The profit before tax decreased by 10% amounting to US$ 432 million compared to US$ 479 million in 2012. Contributions to the government budget on an accrual basis decreased by 19% amounting to US$ 284 million: US$ 135 million as taxes and US$ 149 million as dividend. Total investment expenditures amounted to US$ 294 million compared to US$ 465 million in 2012.

Download the Annual Report 2013 here
(pdf - 4.41 mb)

 
Staatsolie Magazine
The Staatsolie News 2014 2nd edition is now available.

Download Staatsolie News 2014 here (pdf - 2.92 MB)

Previous issues available here

Vision, Mission and Values

Vision 2030

  • Leading the sustainable development of Suriname’s energy industry
  • Becoming a regional player with a global identity in the energy market
  • Making a strong contribution to the advancement of our society.

Mission

  • To develop Suriname's hydrocarbon potential over the full value chain, to
    generate electricity, and to develop renewable sustainable energy resources.
  • To secure the energy supply of Suriname and to establish a solid position
    in the regional market.
  • To expand our reputation based on our growth performance, flexibility and
    corporate social responsibility.

 

Values

HSEC Focused: We put health and safety first, strive for zero harm to our people and the communities around us, and minimize negative impacts upon the environment.

Integrity: We are honest and do what we say we will do.

People Focused: We Create a supportive and collaborative environment, respect each other, are open to other's ideas and facilitate personal and professional growth.

Excellence: We set high standards for quality, strive to exceed expectations and do our work with a sense of urgency.

Accountability: We accept responsibility for our job and actions, are co-operative, and create a non-blaming environment.


   
Specials

Realization of a Dream: Staatsolie, a Model for the Development of Natural Resources in Suriname By Eddy S. Jharap, former Managing Director of Staatsolie

Summary
In order to obtain development and prosperity, we cannot continue to have the hands out, but have to work ourselves. Eddy Jharap shows with an example from his own, how a descendant from indentured immigrants, born in an illiterate and poor family, have built a non traditional, but technological advanced petroleum company, Staatsolie, almost from scratch, in a politically turbulent small developing country, Suriname, South America.
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De Back Story bij de “De realisatie van een droom (Staatsolie)” (in Dutch)
By Eddy S. Jharap, former Managing Director of Staatsolie





Job Openings / Vacatures

At this moment there are two job openings.

EOR Sr Reservoir Engineer

Head Financial Audit


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Last updated: March 25 2014