Dateline 2025-11-05, Upstream:
Suriname market regulator Staatsolie has awarded a pair of new production sharing contracts in the country’s shallow-water play to US supermajor Chevron and Malaysian state-controlled oil company Petronas.
The contracts were signed following a competitive bid round for shallow-water acreage held in June 2025, and just days away from the launching of a new open-door offering featuring deepwater tracts that are mostly located in the eastern portion of the Guyana-Suriname basin that borders French Guiana.
Petronas will operate Block 9 with a 30% stake and will partner Staatsolie’s affiliate Paradise Oil Company on 30%, while Chevron and QatarEnergy will hold 20% each.
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Wata - Malaysian Oil and Gas Engineer 