South America / GoM

Suriname flag
Summary | Profile

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
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)

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

21 Sep 20
Suriname: Shearwater GeoServices awarded a marine 3D seismic survey by PETRONAS Suriname E&P
Shearwater GeoServices has announced the award of a large towed streamer 3D seismic survey for Block 52, offshore Suriname by PETRONAS. The four-month project is scheduled to commence in Q4, 2020.
14 Sep 20
Suriname: Apache provides update on Kwaskwasi-1 discovery well - spuds Keskesi East-1 exploration well offshore Suriname
Apache Corp and Total have provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. The Noble Sam Croft has commenced operations at the Keskesi East-1 exploration well approx. 14 kms southeast of Sapakara West-1.
05 Aug 20
Suriname: Staatsolie considering farm-in to Total, Apache block after discovery
Suriname’s state-owned oil company Staatsolie is reported to be considering farming in to an offshore oil block where Apache Corp and Total have announced a third major discovery.
30 Jul 20
Suriname: Apache announces major oil discovery in Block 58 offshore Suriname at Kwaskwasi-1
Apache Corp and Total have announced a major oil discovery at the Kwaskwasi-1 well drilled offshore Suriname in Block 58.
30 Jun 20
Suriname: Maersk Drilling awarded one-well exploration contract by PETRONAS
Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & Production for a one-well exploration campaign in Block 52 offshore Suriname.

Suriname - more news

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