• How does Suriname produce oil?
  • This crude output is carried via a 55-kilometre pipeline to the 15,000-bpd Tout Lui Faut refinery, where it is processed into bitumen, premium diesel, premium petrol and fuel oil. Refined products are sold mainly in Suriname, but also to Caribbean markets. Staatsolie is responsible for around 75% of Suriname¡¯s power generation.
  • When did Suriname start building a new refinery?
  • Staatsolie Maatschappij Suriname began construction works on the expansion of its Tout Lui Faut Refinery, located 20km south of Paramaribo, the capital city of Suriname, in February 2012. The expanded refinery¡¯s vacuum distillation unit became operational in December 2014, while the facility was fully commissioned in December 2015.
  • How many bopd does Suriname produce?
  • The company currently produces 17,000 bopd, CEO Annand Jagesar told The Energy Year in a recent interview. However, Suriname¡¯s energy scene is poised for major changes following a series of commercial offshore oil discoveries made in late 2019 and 2020 by APA Corporation, TotalEnergies, Petronas, Tullow and Kosmos.
  • Is Suriname a new oil & gas province?
  • Suriname has emerged in recent years as one of the most promising new oil and gas provinces worldwide. South America¡¯s smallest nation by both size and population has recently seen major discoveries in its territorial waters. Yet Suriname¡¯s oil prospects will be shaped by major shifts in the global energy scene.
  • How does Staatsolie power Suriname?
  • Staatsolie is responsible for around 75% of Suriname¡¯s power generation. The company operates a 96-MW thermal power plant through subsidiary Staatsolie Power Company Suriname. Part of its generated electricity and all of its process steam is used to power the Tout Lui Faut refinery.
  • Does Suriname have a strong energy sector?
  • Suriname¡¯s oil and gas sector is taking off at a dynamic time for the global energy industry, with a worldwide energy transition and wars in Ukraine and the Middle East hampering supply. As TotalEnergies prepares to sanction a USD 9-billion offshore project, the country¡¯s policymakers are planning sustainable gains from a volatile sector.