Annand Jagesar, Managing Director of Staatsolie, believes that Suriname is facing a shortage of skilled labor as it prepares for offshore oil production.
During a recent interview with Kaori Media, Jagesar noted, “Currently, only 7% of our workforce holds a bachelor’s degree or higher.” He said the core of the oil and gas sector is not labor-intensive, with most employment expected to come from supporting industries like logistics, infrastructure, and services.
Jagesar stressed the need to tailor education and training to the demands of the industry. He said attracting Surinamese professionals living abroad could ease the shortage.
He added that foreign workers might be needed as the sector grows. “Foreign labor might be necessary as the sector expands, similar to the situation in the UAE.”
Staatsolie is working with the government to prepare for the transition to energy production. As Jagesar said, “Preparation is key.”
He confirmed Staatsolie is focused on building a strong regulatory and fiscal environment. “We have also been studying the experiences of countries like Guyana, Trinidad and Tobago, and Norway.”
The goal is to ensure Suriname gains long-term benefits from oil revenues. Jagesar pointed to major infrastructure needs as another challenge.
“Developing an offshore industry requires deepwater ports, service bases, and efficient logistics. He said attracting investment will be critical for such developments. He also warned against inflated expectations.
“Many people believe oil wealth will immediately transform the economy, but it takes time and strategic planning.”
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Suriname’s first offshore development, GranMorgu, is expected to start producing oil in 2028.
SBM Offshore and Technip Energies will build and install a floating production, storage, and offloading vessel. Jagesar said Suriname is open to investors with long-term vision. “We have a stable regulatory framework, promising oil and gas prospects, and a government that understands the importance of sustainable development.”
He urged citizens to see oil as one part of a bigger plan. “Oil alone won’t build a nation — we must invest wisely in infrastructure, education, and diversification.”
He urges unity, “It will take all of us — government, businesses, and individuals — to turn this potential into real progress.”
