Wednesday, January 17, 2018

Suriname looking for partners

THE government of Suriname is embarking on operations to double its oil production from the current 16,000 barrels of oil per day, and is asking local companies and citizens to make investments.

The Energy Chamber of Trinidad and Tobago and ExportTT yesterday hosted a luncheon during which a delegation of speakers from Suriname tried to convince attendees to form partnerships with Suriname.

The luncheon was held at Cara Suites Hotel and Conference Centre, Claxton Bay.

Hank Naarendorp, president of the Suriname Chamber of Commerce and Industry, said because of the close proximity between the two countries, people from Suriname were comfortable working with locals.

He said: “The State oil company has experience with Trinidadian oil companies for over 30 years.  They have been in very close touch with some of the biggest companies in the oil business in Trinidad. We are developing further and we see that a lot of skills are needed and a lot of experience is needed in the next phase we are entering with the development of our oil industry. We need knowledge and experience from outside. You just don’t invest in Suriname, you come and earn money.” 

Naarendorp said a lot of production was taking place in Suriname, not just in the energy sector but also in the food and beverage industry.

He said there were at least 16 local companies which have established business partnerships with Suriname, including the Massy Group, and there have been no complaints about making sufficient profits.

Marny Daal, manager of Petroleum Contracts for Staatsolie, Suriname’s State oil company, said when the company was first established in the 1980s, Petrotrin was very influential in helping it grow and was the company’s biggest ally.

She said although Staatsolie was not that dependent on Petrotrin’s involvement, their relationship has not changed.

Staatsolie has already awarded Well Services Petroleum Company Ltd the contract to drill nine exploration wells located off the coast of Saramacca in north Suriname. The company’s website states that offshore Suriname is virtually unexplored, with only 22 exploration wells drilled in an area of approximately 150,000 square kilometres.