Staatsolie Closes 2025 on Strong Note, Looks Forward to Pivotal 2026

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With offshore developments advancing and institutional frameworks taking shape, the coming year will be closely watched by investors, operators, and policymakers alike.State-owned Staatsolie closed 2025 on a strong note. The company expects revenue of about $802 million and pre-tax profit of roughly $418 million, supported by oil production of 6.35 million barrels and refinery output of 3.1 million barrels of diesel and gasoline. Staatsolie’s total contribution to the state is estimated at nearly $387 million—around 32% of government revenues—while its contribution to GDP is put at about 9%. Production from the Saramacca field held steady at an average 17,400 barrels per day, while the refinery exceeded targets and delivered its first commercial sulfuric acid to Suralco. Power subsidiary SPCS supplied 69% of the electricity demand in Paramaribo and the surrounding areas.Offshore, the GranMorgu project in Block 58 remains the centerpiece of Suriname’s oil ambitions. Led by TotalEnergies, APA Corporation, and Staatsolie, the deepwater project centers on an FPSO with a capacity of up to 220,000 barrels per day and first oil targeted for 2028. Following the 2024 final investment decision, 2026 will focus on execution, including subsea equipment orders, pipeline planning, and contractor mobilization.Gas is also moving up the agenda. In Block 52, Petronas and Staatsolie have declared the Sloanea gas discovery commercial. A full field development plan is expected, with a potential FID in the second half of 2026 and first gas around 2030 via a floating LNG facility.Exploration interest remains strong, with up to ten offshore studies and wells planned through 2027. As activity accelerates, attention is turning to regulatory readiness, environmental oversight, and local content rules—expected to be formalized in 2026—opening opportunities for Surinamese firms across logistics, marine services, and finance.Oilprice Intelligence brings you the signals before they become front-page news. This is the same expert analysis read by veteran traders and political advisors. Get it free, twice a week, and you'll always know why the market is moving before everyone else.You get the geopolitical intelligence, the hidden inventory data, and the market whispers that move billions - and we'll send you $389 in premium energy intelligence, on us, just for subscribing. Join 400,000+ readers today. 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