Staatsolie

Staatsolie Maatschappij Suriname N.V., the National Oil Company of Suriname, is a vertically integrated state-owned company founded in 1980. It explores, drills, produces, refines, markets, sells and transports petroleum and products refined from it. Staatsolie also generates electricity and aims to use the production and supply of energy to meet the growing energy needs of our society.

Staatsolie was part of the first steering committee to set up a multi-stakeholder group (MSG) with extractive industry companies and civil society organisations in Suriname. The company also actively participated in the process led by the government of Suriname to become a candidate country as of 24 May 2017. Since then Staatsolie has been an active member of the MSG for the oil and gas company constituency in Suriname.

The company has produced an audited annual report, including its payments to the government. Since 2007, Staatsolie has been publishing its annual report on its website. Staatsolie’s 2019 annual report is available on Staatsolie’s website.  

Recently, the company launched its Corporate Governance Code, which is a set of guidelines for good governance.

For more information of Staatsolie’s participation in the EITI please contact Daniela Herkul, Counsel Upstream & Corporate Secretary at Staatsolie. 

Learn more about the company's sustainability efforts.