Under the agreements, Block 9 will be operated by Petronas Suriname E&P B.V. (30%), with Chevron (20%), QatarEnergy (20%) and Paradise Oil Company (POC) (30%) as partners. Block 10 is led by Chevron (30%), alongside Petronas (30%), QatarEnergy (30%) and POC (10%). The shallow-water blocks cover approximately 2,674 km² (Block 9) and 2,972 km² (Block 10), in waters up to 50 meters deep. The initial three-year exploration phase will focus on 3D seismic surveys and subsurface mapping ahead of potential drilling. 

The awards reinforce Suriname’s ongoing strategy to develop its offshore sector. Building on previous deals such as the June 2025 PSC signed with Petronas for Block 66, which includes plans for two exploration wells, the country is attracting top-tier international operators to its basins. By positioning Blocks 9 and 10 near proven deepwater discoveries and onshore producing fields in the Suriname–Guyana basin, Suriname strengthens the likelihood of commercial success while reducing perception risk for other investors.

The deals underscore the Caribbean margin as a growing hotspot for upstream investment. Neighboring Guyana’s offshore success has already drawn global attention, and Suriname’s new agreements reinforce investor confidence in the region. Caribbean Energy Week 2026, scheduled for March 30–April 1 in Paramaribo, will provide a unique forum for investors, developers and financiers to engage directly with Staatsolie and other key stakeholders, gaining access to discussions on the country’s new offshore acreage, regulatory frameworks and frontier exploration opportunities. Suriname will be showcased not only as a host but also as a case study in emerging-market energy development, offering delegates insight into investment dynamics and collaborative opportunities across the Caribbean energy sector.

The signing of Blocks 9 and 10 represents more than exploration activity – it signals investor confidence in Suriname’s regulatory framework, strategic vision and growing role in the global energy market. With additional licensing opportunities imminent, Suriname is poised to attract further international investment and solidify its standing as a leading player in the Caribbean’s evolving oil and gas landscape.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.