Staatsolie Maatschappij Suriname N.V. is investing in the renovation of two buildings at the Anton de Kom University of Suriname as the country prepares for greater demand for technical skills linked to its emerging offshore oil and gas industry.
The renovation work at the university’s Faculty of Technological Sciences (FTeW) received the go-ahead on August 13. It covers the faculty’s woodwork hall and mechanical engineering hall.
According to Staatsolie, the woodwork hall has been unused for years because of its poor condition. Following the renovation, it will be converted into lecture halls for electrical and mechanical engineering students.
The mechanical engineering hall will also receive major upgrades to its lecture and practical spaces.
“The renovation of these two FTeW buildings will provide approximately two hundred students with a safe and suitable learning environment. The renovation is scheduled to be completed by the end of this year,” the company said in an August 13 press statement.
Staatsolie is carrying out the project as part of social initiatives linked to its 45th anniversary. The investment is aimed at improving educational facilities and strengthening Suriname’s pool of technical talent.
The company expects demand for trained professionals and technical expertise to increase as offshore oil and gas activity develops. Suriname’s first offshore oil project, GranMorgu, is being developed in Block 58 and is targeting first oil in 2028.
“This is important because of the expected economic spin-off of the Surinamese offshore oil and gas sector. There will be a greater demand for well-trained professionals, technical knowledge, and strong institutions. By investing in education now, we can shape our national development ourselves and lead it in the direction we choose as a country,” the company stated.
Staatsolie has already supported technical education through initiatives including the NATIN Oil and Gas Training program, upgrades to technical and practical training facilities, and vocational programs such as welding training.
Through the Suriname Capacity Program (SURICAP), the company works with international oil companies, government agencies, educational institutions, and private-sector companies to strengthen technical and vocational education in the country.
