South America / GoM
Country profile: Suriname
Location: | Northern South America, bordering the North Atlantic Ocean, between French Guiana and Guyana |
Climate: | tropical; moderated by trade winds |
Terrain: | mostly rolling hills; narrow coastal plain with swamps |
Size: | 163270 sq. km total (Land area: 161470 sq. km Water area: 1800 sq.km) |
Population: | 475,996 (July 2008 est.) |
Languages: | Dutch (official), English (widely spoken), Sranang Tongo (Surinamese, sometimes called Taki-Taki, is native language of Creoles and much of the younger population and is lingua franca among others), Caribbean Hindustani (a dialect of Hindi), Javanese |
Government: | constitutional democracy |
Capital city: | Paramaribo |
Legal system: | based on Dutch legal system incorporating French penal theory; accepts compulsory ICJ jurisdiction with reservations |
Currency: | Surinam dollar (SRD) |
Licensing: |
Country profile
The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago. Agriculture and natural resource extraction activities continue to constitute the basis of the islands' economies, though the tourism and service sectors are growing. In recent years, the Caribbean countries have been worried that higher global oil prices will impair their efforts to expand economically. In response, the island nations have been discussing ways to better integrate their energy sectors, especially in regards to increased natural gas exports from Trinidad and Tobago to other islands. These efforts have also focused on the major external energy suppliers to the region, such as Mexico and Venezuela.
First explored by the Spaniards in the 16th century and then settled by the English in the mid-17th century, Suriname became a Dutch colony in 1667. With the abolition of slavery in 1863, workers were brought in from India and Java. Independence from the Netherlands was granted in 1975. Five years later the civilian government was replaced by a military regime that soon declared a socialist republic. It continued to exert control through a succession of nominally civilian administrations until 1987, when international pressure finally forced a democratic election. In 1990, the military overthrew the civilian leadership, but a democratically elected government - a four-party New Front coalition - returned to power in 1991 and has ruled since; the coalition expanded to eight parties in 2005.
Energy production and consumption
Oil | Gas | |
Production: | 9,461 bbl/day (2005 est.) | NaN |
Consumption: | 12,000 bbl/day (2005 est.) | |
Exports: | 3,151 bbl/day (2004 est.) | |
Imports: | 6,032 bbl/day (2004 est.) | |
Reserves: | 111 million bbl (1 January 2006 est.) | |
Major fields: |
Suriname - recent news
18 Jul 24 |
Suriname: QatarEnergy acquires 20% working interest from Chevron in a production sharing contract for Block 5 offshore Suriname QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for Block 5 offshore Suriname. Chevron (the operator) will retain a 40% interest. |
02 Jul 24 |
Suriname: GeoPartners and TROIS Geoconsulting announce the mobilisation of a Piston Core, Heatflow and Seep Sampling Survey offshore Suriname GeoPartners, in partnership with TROIS Geoconsulting, have announced the mobilisation of a Piston Core, Heatflow and Seep Sampling Survey offshore Suriname on behalf of government partners Staatsolie Maatschappij Suriname. |
07 Jun 24 |
Suriname: SBM Offshore reserves Fast4Ward hull for the Block 58 development offshore Suriname SBM Offshore has announced that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname, a Fast4Ward hull for the development project has been reserved by TotalEnergies. |
05 Jun 24 |
Suriname: TotalEnergies, APA Corporation and Staatsolie progress towards Final Investment Decision on Block 58 On the occasion of the 2024 Suriname Energy Oil and Gas Summit, TotalEnergies, and Staatsolie Maatschappij Suriname, the Suriname National Oil Company, announced several significant steps towards the Final Investment Decision (FID) of the development of offshore Block 58. This decision is expected in the fourth quarter of 2024, for a production start-up in 2028. |
21 May 24 |
Suriname: PETRONAS discovery in Suriname approaches 400 million barrels - Wood Mackenzie According to a report by Wood Mackenzie, PETRONAS discoveries Roystonea and Fusaea are in the region of 400 million barrels of recoverable resources, which could be enough to support an FPSO with an oil processing capacity of up to 100,000 b/d FPSO development. Wood Mackenzie now holds Suriname's discovered resources at more than 2.4 billion barrels of oil and liquids and more than 12.5 tcf of gas. |
Suriname - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Trinidad,
- Uruguay,
- USA,
- Venezuela