QatarEnergy has signed two new production sharing contracts (PSCs) for offshore Blocks 9 and 10 in Suriname, further strengthening its presence and strategic partnerships in the South American energy sector.
The blocks were awarded to a QatarEnergy consortium during the POST SHO2 bid round held in June 2025. Under the terms of the signed agreements, QatarEnergy will hold a 20 percent working interest in Block 9, alongside its partners PETRONAS Suriname E&P B.V. (PETRONAS Suriname), the operator, with a 30 percent stake, Chevron with 20 percent, and Staatsolie’s affiliate, Paradise Oil Company (POC), holding the remaining 30 percent.
QatarEnergy will also hold a 30 percent working interest in Block 10, with its partners Chevron (the operator) holding 30 percent, PETRONAS Suriname holding 30 percent, and POC holding 10 percent.
HE Saad bin Sherida Al Kaabi Minister of State – Energy Affairs President and CEO- QatarEnergy
“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. 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.”
Both Blocks 9 and 10 are located offshore in the South American nation, in shallow waters with depths of up to 50 meters. The blocks are situated near recent significant oil and gas discoveries that have further elevated the petroleum prospectivity and strategic importance of the basin.
