Wednesday, June 7, 2023

DP World expands investment in Suriname

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In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to end solutions for the oil & gas operations in the promising Guyana-Suriname basin.

Integra Port Services operating under the brand name DP World Paramaribo has entered into a joint venture with Suriname partners HJ de Vries Project Development N.V. and FIRM Engineering N.V., landowner and initiator of the endeavor to build a world-class facility on the east bank of the Suriname River close to the Atlantic Ocean.

Being close to the river mouth the projected Suzannasdaal Support Base will be the nearest port to the Suriname offshore operations; approximately 200km from the current promising oil discoveries which will support fast supply from and to the projected oilrigs

The Offshore Supply Base, a Total investment in excess of USD 100 million, shall significantly attract business to the country, enabling growth of the private sector and creating a wide range of sustainable employment opportunities. Positively contributing to the industry’s local content, to the Suriname economy and to the welfare of the Suriname population

Assessment of environmental and social impacts for Suriname supply base development is in favor of the Suzannasdaal projection; a key criterion for the joint venture led by DP World.

DP World said it trusts this investment expansion in Suriname to be durable and fruitful, in line with the company’s sustainable strategy ‘Our World, Our Future’, prioritizing sustainability and impact on the people, communities and environment in which the company operates.

As part of the local content strategy of the country, the offshore support base will act as a gateway for International Oil companies and Local industries to acquire and offer services within the total supply chain and elevate the standards of Port Industry in Suriname.

“Our joint venture looks forward to work together with all government and non-government stakeholders as well as the private sector to jointly develop the required infrastructure and services,” DP World said.

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