Staatsolie Launches Open-Door Offering

Today Staatsolie has launched its Open-Door Offering, an initiative aimed at unlocking new exploration opportunities in the Guiana Basin, one of the world’s most prolific hydrocarbon basins.

Approximately 60 percent of Suriname’s offshore acreage is available, offering qualified Exploration and Production companies flexibility to access a diverse range of exploration opportunities, from shallow waters to deep offshore. Backed by competitive fiscal terms, the Open-Door Offering creates an attractive environment for investors. Suriname also presents low above-ground risks, with stable contracts and a friendly business environment.

Companies can select their acreage of interest, propose a work program, and choose between a Production Sharing Contract (PSC) and a Joint Study Agreement (JSA)/Technical Evaluation Agreement (TEA). The acreage of interest in received proposals will be published on the Staatsolie Open-Door Offering webpage, allowing competing proposals to be submitted within 90 days.

As part of this initiative, Staatsolie has also launched its GeoPortal. The GeoPortal provides a graphical interactive view of all geological and geophysical data available for interested companies. Data sets may be leased at an attractive discount. Staatsolie has also issued the GeoAtlas of Suriname, a publication that describes the geology and petroleum potential of the Guiana Basin based on decades of data gathering and analyses. The GeoAtlas is available on Staatsolie’s website at no cost.

To learn more about and participate in this exciting opportunity, please visit the Open-Door Offering webpage: https://www.staatsolie.com/en/open-door-offering.