Staatsolie has launched a new Open-Door Offering that makes roughly 60% of Suriname’s offshore acreage available for exploration, marking one of the country’s most significant steps to attract new investment in the Guiana basin.
The initiative, announced Monday, allows qualified exploration and production companies to apply for acreage across shallow-water and deepwater zones, with the option to propose their own work programs. Companies may choose between a Production Sharing Contract (PSC) or a Joint Study Agreement/Technical Evaluation Agreement (JSA/TEA). Staatsolie will publish acreage selections online, triggering a 90-day window for competing proposals.
The Guiana basin has become one of the world’s most closely watched exploration regions following major discoveries in neighboring Guyana. Suriname aims to maintain momentum by pairing flexible access with competitive fiscal terms and a stable regulatory environment.
To support prospective bidders, Staatsolie also launched a new GeoPortal that provides interactive access to available geological and geophysical data. Companies can lease datasets at discounted rates. In addition,
Staatsolie released its updated GeoAtlas of Suriname, a free publication detailing the region’s petroleum geology based on decades of data acquisition and analysis.
The company says the offering is designed to broaden participation in Suriname’s offshore, accelerate exploration activity, and reinforce the country’s role in the rapidly expanding Guiana basin.
