During the past 33 years Staatsolie has developed from a grass-roots operation into an integrated oil company, contributing significantly to the Surinamese economy.

Staatsolie Maatschappij Suriname N.V. heeft haar status van ‘Billion Dollar Company’ behouden. In 2013 is een totale omzet van US$ 1,023 miljard genoteerd. Aan dividend en inkomstenbelasting is US$ 284 miljoen overgemaakt naar de staatskas. De Algemene Vergadering van Aandeelhouders (AVA) heeft op 28 maart 2014 de jaarrekening 2013 goedgekeurd..

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Staatsolie Maatschappij Suriname N.V. heeft een lening van US$ 275 miljoen gesloten voor het plegen van investeringen in de periode 2014-2018. Het investeringsbudget voor genoemde periode bedraagt US$1.845 miljoen. De leningsovereenkomst is op vrijdag 28 maart getekend met een consortium van internationale en regionale banken bestaande uit Credit Suisse AG (Cayman Islands Branch), First Caribbean International Bank N.V. (Curaçao), First Caribbean International Bank Limited (Cayman Islands) en ING Bank N.V..

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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)

Half-Year Report 2013
Half-Year Report 2013

In this first half‑year of 2013 we continued delivering strong results both financially and operationally. Consolidated gross revenues amounted to US$ 515 million, an increase of 1.5% compared to the corresponding 2012 revenues. Considering oil prices of US$ 92.50 a barrel for the rest of the year, revenues will be around US$ 1,074 million at year‑end or 2.5% higher than 2012. Earnings before tax amounted to US$ 212 million, a decrease of 11% compared to the corresponding 2012 earnings. Our crude production during the reported period amounted to approximately 3.0 million barrels (16,200 barrels per day), equal to the production of 3.0 million barrels in the first half of 2012. According to our revised strategy, overall crude production will be increased to 17,000 barrels per day by the end of 2015.

Download the Half-Year Report 2013 here
(pdf - 50.2 kb)

Staatsolie Magazine
The Staatsolie News 2014 edition is now available.

Download Staatsolie News 2014 here (pdf - 3.06 MB)

Previous issues available here

Vision and Values

Core Values

  1. 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.
  2. Integrity
    We are honest and do what we say we will do.
  3. People Focused
    We Create a supportive and collaborative environment, respect each other, are open to other’s ideas and facilitate personal and professional growth.
  4. Excellence
    We set high standards for quality, strive to exceed expectations and do our work with a sense of urgency.
  5. Accountability
    We accept responsibility for our job and actions, are co-operative, and create a non-blaming environment.


The core business of Staatsolie is the development of energy resources. Activities include exploration, development, production and refining & marketing of hydrocarbons and the generation of power. Staatsolie may pursue other business opportunities, if these are aligned with its business vision. To this end the following vision has been formulated.

Staatsolie Vision 2020

  • Leading the Sustainable Development of Suriname's Energy Industry.
  • Making a Strong Contribution to the Advancement of our Society.
  • Becoming a Regional Player with a Global Identity in the Energy Market.

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

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.

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 is one job opening.


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Last updated: March 25 2014