QatarEnergy has entered into two new production sharing contracts for offshore Blocks 9 and 10 in Suriname. The agreements were finalized following the POST SHO2 bid round, which took place in June 2025.
Under the terms of the contracts, QatarEnergy will hold a 20% working interest in Block 9. PETRONAS Suriname E&P B.V., as operator, will have a 30% stake, Chevron will also hold 20%, and Paradise Oil Company (POC), an affiliate of Staatsolie, will have the remaining 30%. For Block 10, QatarEnergy’s share increases to 30%, with Chevron acting as operator with another 30%, PETRONAS Suriname holding 30%, and POC retaining a 10% interest.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, commented on the development: “We are pleased at the conclusion of these two new production sharing agreements, which will increase our Suriname footprint to seven offshore blocks, allowing us to further explore its promising basins. We are also pleased to cooperate with our partners Chevron, PETRONAS Suriname and Staatsolie, and we look forward to working with them in these blocks.”
He added: “I would like to take this opportunity to thank the Surinamese authorities, and our partners for the excellent collaboration and support that have resulted in the signing of these agreements.”
Blocks 9 and 10 are situated offshore Suriname at water depths reaching up to 50 meters. They are located near recent oil discoveries that have increased interest in the basin’s petroleum potential.
