QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10.
The agreements, secured during the POST SHO2 bid round, strengthen the company’s position across both shallow and deepwater acreage.
In Block 9, QatarEnergy holds a 20% working interest, partnering with PETRONAS Suriname E&P B.V. as operator (30%), Chevron (20%), and Paradise Oil Company (30%). The block spans 2,674 km² in shallow waters off Saramacca, where the consortium will conduct 3D seismic surveys to assess new exploration prospects.
In Block 10, QatarEnergy’s share increases to 30%, alongside Chevron as operator (30%), PETRONAS Suriname (30%), and POC (10%). Covering 2,972 km², the block lies adjacent to Block 9 and will also undergo seismic evaluation in the initial three-year exploration phase.
Beyond these newly signed areas, QatarEnergy’s Suriname portfolio includes Blocks 5, 8, 64, and 65.
Block 5, near the Corentyne and Guyana border, marks one of QatarEnergy’s earliest Surinamese ventures and sits in proximity to proven hydrocarbon systems.
Block 8, operated by TotalEnergies with partners Chevron, Staatsolie, and QatarEnergy, lies adjacent to Block 58, where multiple discoveries have confirmed the basin’s potential.
Block 64, a deepwater tract operated by TotalEnergies, includes PETRONAS and QatarEnergy as partners and is viewed as part of Suriname’s frontier exploration zone.
Block 65, operated by Shell with a 60% stake, features QatarEnergy with 40%. This extends its presence into the far northeast deepwater area bordering French Guiana.
With interests now spread across six key blocks, QatarEnergy has become one of the most active foreign investors in Suriname’s emerging offshore oil province, positioning itself at the forefront of the country’s next exploration phase.
Suriname’s offshore basin is one of the most promising new exploration frontiers in the world, sharing the same geological trends as Guyana’s Stabroek Block, where over 11.6 billion barrels of recoverable resources have been discovered.
The South American nation is now transitioning from exploration to early development, with Staatsolie leading the charge to attract reputable partners and establish a sustainable oil and gas industry.
Known for its leadership in LNG and deepwater operations, QatarEnergy brings extensive technical expertise and financial strength to Suriname’s evolving petroleum landscape.
