Staatsolie Hydrocarbon Institute N.V. (SHI) embodies the institutional role of Staatsolie Maatschappij Suriname N.V. (Staatsolie), creating the right conditions for investments and supervises the hydrocarbon activities by independent oil companies in Suriname, in order to optimize the value from petroleum activities for Suriname.
Staatsolie Hydrocarbon Institute N.V. (SHI) embodies the institutional role of Staatsolie Maatschappij Suriname N.V. (Staatsolie). By executing Staatsolie’s institutional tasks and duties, we underpin its vision of energizing a bright future for Suriname. Our objective is to maximize the value from petroleum resource development for Suriname, through prudent resource management, with utmost respect for the environment, and with highest regard for safety.
Core Values
We share the core values of our parent company Staatsolie.
Zero harm
We strive for zero harm to the planet and our people, especially the communities and the environment around us.
Integrity
We are honest and do what we say we will do.
Excellence
We accept responsibility, deliver high quality work with a sense of urgency.
Teamwork
Trust and respect each other, collaborate and create a non-blaming environment.
The 3 main tasks of Staatsolie Hydrocarbon Institute N.V. are:
With the significant hydrocarbon discoveries and therefore the now burgeoning petroleum industry in Suriname, we want to seize the opportunity to play a part in increasing the awareness of Local Content related potential.
To this end Staatsolie commissioned Development Alternatives Incorporated, DAI, to carry out an Industrial Baseline Study to assess the preparedness of the Surinamese private sector under the conditions of a potential supply and demand landscape and the challenges and opportunities that lay ahead.
The study highlights insights into the roles of different stakeholders and which possible strategies and actions could mitigate gaps and what kind of investments would be required to partake in the petroleum sector developments.
Potential suppliers who want to be informed on the developments within the offshore petroleum sector can register on the Supplier Registration Portal (SRP). For questions related to the SRP visit the Frequently Asked Questions section.
Download: Industrial Baseline Study Findings Presentation (Nov 2018)
All petroleum ventures in Suriname are covered by a Production Sharing Contract (PSC), because the PSC allows investor participation while retaining national ownership of shares of petroleum produced. The additional benefits are:
Through PSCs the host government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The remaining money is known as "profit oil", and is split between the government and the company.
By virtue of the Mining Decree (Official Gazette 1986, no 28) concession rights for petroleum activities are granted exclusively to state enterprises. According to the Petroleum Law (Official Gazette 1991, no 7), state enterprises with petroleum concession rights, are authorized to enter into petroleum agreements with other established petroleum companies.
Our model PSC is publicly available. Download the State Decree Royalty Offshore
SHI is mandated to attract qualified International Oil Companies to sustainably explore and develop Suriname’s hydrocarbon resources. As of June 2024, there are 14 active production sharing contracts in the offshore and onshore areas of Suriname. In the table below a thorough overview of the offshore and onshore Production Sharing Contracts is given from 1957 to present.
Overview PSCs
The Guiana Basin is a sedimentary basin encompassing the coastal area of French Guiana, Suriname, Guyana and the eastern part of Venezuela (Antillean Arch). Most of the Guyana-Suriname Basin lies offshore, where the sediment package becomes thicker as the basin grows deeper. The outcrop of crystalline Proterozoic basement, the Guiana Shield, marks the southern limit.
Commercial production is for the time being only in the onshore Tambaredjo, Calcutta and Tambaredjo Northwest Fields in Suriname, with an original STOIIP of 1 Billion barrels. These fields are currently producing approximately 16,000 BOPD. Staatsolie has been, for the last 40 years, the sole operator of these fields.
It is Staatsolie’s policy, to ensures that all its open-file data is easy accessible and affordable for all contractor parties, helping to mitigate risks in their petroleum operations. To support this, a comprehensive data catalog is available, allowing contractor parties to browse the available datasets.
The data catalog includes:
Interested parties can lease datasets, by following these steps:
1. Consult the Data Catalog: Access the data catalog here.
2. Fill in the Data Lease Request form: Choose the data you wish to lease, fill in and sign the Data Lease Request Form, which is available here. The form includes:
3. Sign Confidentiality Agreement: The requestor must agree to and sign a Confidentiality Agreement, which is available here.
4. Submit Data Lease Request Form: Save and sent the Data lease Request Form, along with the signed Confidentiality Agreement to SHI@staatsolie.com, and copy Vikash Rambaran Mishre at vrambar@staatsolie.com.
5. Receive Invoice: SHI will send an invoice based on your selected data to the contact details provided on the Data Lease Request Form.
6. Invoice payment: The requestor completes the payment and sends payment notification to SHI@staatsolie.com.
7. Release Data: Once payment receipt is confirmed, SHI releases the requested data together with a Data Transmittal.
8. Sign Data Transmittal: The requestor signs the data transmittal and returns this to SHI@staatsolie.com
Staatsolie Hydrocarbon Institute N.V. (SHI)
Address: Dr. Ir. H.S. Adhinstraat 21
Phone: +597499649 ext. 61452
E-mail: SHI@staatsolie.com
