Staatsolie Maatschappij Suriname N.V. has opened a 90-day window for competing proposals after receiving an application for an offshore exploration area under its Open-Door Offering. The proposal covers the DW WEST area in Sector 4.
The proposal was announced on June 17, 2026. Staatsolie said qualified companies can submit competing proposals for the sector under the Open-Door Process. The submission period opened on Wednesday, June 17, 2026, at 10:00 a.m. GMT-3. It will close on Tuesday, September 15, 2026, at 10:00 a.m. GMT-3.
The announcement gives early movement to the offshore acreage model promoted by Staatsolie Managing Director Annand Jagesar at the recent Suriname Energy, Oil and Gas Summit (SEOGS) 2026. Jagesar told investors in Paramaribo that Suriname’s open-door approach allows companies to select acreage and pursue different contract structures.
Suriname’s open-door policy offers customizable offshore contracts, study-first option | OilNOW
“The nice thing about this open door is that any contractor can select acreage in the offshore in the yellow area, and we can either agree a production sharing contract or we can agree a joint study agreement,” Jagesar said.
He said the joint study route is being offered because some areas have limited available data.
Jagesar noted Staatsolie has been building its technical base to support offshore exploration. He pointed to existing studies, data collection, multi-client surveys, and information received from petroleum contract activities. He also told investors that the state oil company wants to play a larger role in helping companies evaluate Suriname’s offshore potential.
“I want to impress this point upon you, that Staatsolie is ready to help you find oil,” Jagesar said.
Suriname is marketing the acreage as part of a broader offshore push. Jagesar said the country is part of the Equatorial Margin, which includes a series of discoveries and developments from Trinidad and Tobago to Brazil.
He said Suriname offers “world class” reservoirs with multiple proven source rocks, attractive fiscal terms, a stable fiscal regime, and low above-ground risk.
Staatsolie has also been promoting its offshore data systems. Jagesar said companies can use the state oil company’s offshore data portal to review available wells, seismic surveys, and studies. The Sector 4: DW WEST proposal comes as Suriname prepares for first oil from GranMorgu, the country’s first major offshore oil development. The project is being developed in Block 58 by TotalEnergies, APA Corporation, and Staatsolie.
