Rules of the Game

Rules of the Game

Local Content in Suriname: What the law already says and what to expect next

Işıl Güneş -
PARAMARIBO, SURINAME – When offshore oil is discovered, the first question for Surinamese citizens is often simple: what will they get out of it? Local content has become the shorthand answer for every country. It refers to jobs for...
Rules of the Game

From Ministry of Natural Resources to Ministry of Oil & Gas and Environment: What does this change really mean

Işıl Güneş -
PARAMARIBO, SURINAME – Suriname published a new State Decree S.B. 2025 No. 124 on October 22, with the name of ‘Decree on Task Description of Ministries 2025’ taking effect retroactively from July 16th, 2025. At first, it appears to...
Rules of the Game

How exploration and production are governed in Suriname

Işıl Güneş -
PARAMARIBO, SURINAME – Suriname’s petroleum industry is governed by the Petroleum Law of 1990, enacted in 1991 (S.B. 1991 no. 7) and amended in 2001. This framework has shaped how oil and gas resources are managed, licensed and developed...

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FPSO fundamentals: Insights from SBM Offshore

SBM Offshore, on January 21, pulled back the curtain on one of the most critical assets in offshore energy...

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