Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore Suriname, unlocking development and production.”
Approximately 60% of Suriname’s offshore acreage is now available under the program. It includes shallow water to deepwater zones and features more than 90 identified leads supported by multiple working petroleum systems. Staatsolie indicated that the offering is designed to give companies the flexibility to select acreage, propose their own work programs, and choose between a Production Sharing Contract a Joint Study Agreement or Technical Evaluation Agreement.
Almost 50% of Suriname’s offshore acreage under contract – Staatsolie | OilNOW
Jagesar emphasized the basin’s growing global profile, highlighting its history of discoveries along the “golden lane” and the ongoing development of Block 58. He noted that Suriname is “rapidly emerging as a key player in oil and gas development and production,” inviting companies “with a passion for exploration to the Suriname-Guyana Basin, one of the world’s most prolific hydrocarbon basins.”
The Open-Door Offering also features competitive fiscal terms and a stable investment environment. Jagesar pointed out Suriname’s advantages, stating it “offers a rare combination of high-quality resources, low costs, low carbon opportunities, and a stable, low-risk investment environment.”
To support this process, Staatsolie introduced a new GeoPortal that provides an interactive view of available geological and geophysical data. Companies can lease datasets at discounted rates. Staatsolie has also published the GeoAtlas of Suriname, a free resource detailing the geology and petroleum potential of the basin.
All proposed acreage under the initiative will be posted on Staatsolie’s Open-Door Offering webpage, starting a 90-day window for competing proposals. Jagesar expressed that Staatsolie looks forward to welcoming new partners and building long-term mutually beneficial collaborations in Suriname’s thriving oil and gas sector.
Suriname has long produced oil onshore, but its offshore potential is only now being unlocked. The Guyana‑Suriname Basin covers a vast under-explored margin and is estimated to hold more than 10 billion barrels of recoverable oil and over 30 trillion cubic feet of gas. A major development, the GranMorgu project in Block 58, is set to start in 2028 with a capacity of around 220,000 barrels per day and a cost in excess of US$10 billion.
