Guyana and Suriname

At a Glance: Suriname’s hydrocarbons logistics build-out

Bnamericas Published: Friday, July 01, 2022
At a Glance: Suriname’s hydrocarbons logistics build-out

Positioning Suriname as a regional transport hub, driven by development of the country’s hydrocarbon resources as well as those in neighboring Guyana, was widely pitched at the Suriname Energy, Oil and Gas Summit.

In a speech, transport minister Albert Jubithana pointed to the nation’s “strategic” geographic location and maritime and airport infrastructure.

Andreas Talea, general director of state company Suriname Port Management (Havenbeheer), highlighted an agreement with Phoenix Development Holding for a deepwater port and special economic zone in Nickerie to support offshore oil and gas operations, among other industries.

“We have done all the work and are ready to build the deepwater port,” Talea told participants.

Phoenix envisions establishing LNG liquefaction and export facilities in Suriname, and to this end, its CEO Walt Teter provided an update following a trip to Europe.

“We have negotiated with the national champions for gas offtake. We have firm interest in 7.5Mt of LNG and we only want to produce 4Mt,” Teter said.

“I sat down with the CEO of the largest LNG equipment supplier in the world, who gave me his commitment that if we sign when we make FID [a final investment decision] they will provide us and give [get] us in service 28 months from signing that check,” he added.

For his part, Guido Koorndijk, director of Firm Engineering, said that work is underway on a shore base at Suzannasdaal that is due online in early 2023.

Firm is a partner in the project with DP World Paramaribo and HJ, and Koorndijk said studies are being carried out to determine possible expansions.

Read DP World expands investment in Suriname, encouraged by the country’s potential for sustainable development through its evolving oil and gas sector

Rendering of completed shore base (Source: Firm Engineering)

Rendering of shore base with possible expansions (Source: Firm Engineering)

Meanwhile, information from the National Institute for Environment and Development in Suriname reveals plans for additional oil and gas support infrastructure.

Commewijne Port Facility looks to develop a shore base at Nw. Amsterdam and Gum Air envisions an expansion of its heliport in Gummelsweg.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Suriname)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Block 58
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Block 42
  • Current stage: Blurred
  • Updated: 3 months ago
  • Project: Block 53
  • Current stage: Blurred
  • Updated: 8 months ago
  • Project: Block 54
  • Current stage: Blurred
  • Updated: 1 year ago
  • Project: Block 47
  • Current stage: Blurred
  • Updated: 1 year ago
  • Project: Block 62
  • Current stage: Blurred
  • Updated: 1 year ago
  • Project: Block 61
  • Current stage: Blurred
  • Updated: 1 year ago
  • Project: Block 59
  • Current stage: Blurred
  • Updated: 2 years ago

Other companies in: Oil & Gas (Suriname)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Paradise Oil Company N.V.  (POC)
  • Paradise Oil Company N.V. (POC) is a wholly-owned subsidiary of the Suriname-based oil company Staatsolie. It was established in 2005 to carry out exploration and production act...
  • Company: GOw2 Energy Suriname N.V.  (GOw2)
  • GOw2 Energy Suriname N.V. is a subsidiary of Suriname's state oil company Staatsolie through which it entered the retail market in 2011. The company operates 20 service stations...