Staatsolie Maatschappij Suriname N.V. (Staatsolie) and the Brazilian state oil and gas company Petróleo Brasileiro S.A. (Petrobras) on 26 September 2024 signed a Memorandum of Understanding.

By signing the Memorandum of Understanding (MoU), Staatsolie and Petrobras have formalized their intention to explore cooperation opportunities in specific areas. This concerns cooperation in, among others, exploration and production of hydrocarbons, carbon capture and storage, renewable energy, exchange of knowledge and expertise, and contingency response planning and execution.

The MoU offers Staatsolie the opportunity to use Petrobras' expertise to further develop the Surinamese oil, gas and energy industry in a more sustainable way. At the same time, this will contribute to regional energy security and transition. Annand Jagesar, CEO of Staatsolie, says: “We are delighted with the collaboration that can now take concrete form. Petrobras is a world-renowned company, especially in the technical field.” Petrobras holds more than 1,200 patents.

Petrobras is a Brazilian company and one of the largest oil and gas producers in the world, mainly dedicated to exploration and production, refining, energy generation and marketing. Petrobras has expertise in exploration and production in deep and ultra-deep waters because of almost 50 years of developing Brazil’s offshore basins, leader worldwide in this segment.

About Staatsolie

Staatsolie is one of the leading companies in our country Suriname. Staatsolie is located in this hidden treasure of South America, where we passionately contribute to the advancement of our country. We do so by developing exploration activities, producing and refining crude oil to high-quality products, and providing local and international markets with these products.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.