STAATSOLIE MAATSCHAPPIJ SURINAME N . V
THE GUYANA-SURINAME BASIN RANKS SECOND IN THE WORLD FOR PROSPECTIVITY AMONGST THE WORLD ’ S UNEXPLORED BASINS
position in the regional market and to expand its reputation globally
Planning and preparation is a common thread which is interwoven throughout the company ’ s operations and , as a result , Staatsolie is diligently battening down the hatches to prepare for its next big oil find . Elias and his team are not spending huge amounts of capital or borrowing to prepare . Instead , they are strategically developing to become the partner of choice .
Although he is almost certain that oil will be found in the Guyana- Suriname basin , Elias is keen to maintain a realistic perspective . Therefore , Staastsolie is also working diligently to maintain the company ’ s current production rate .
“ We produce over 6mn barrels of oil on an annual basis and we ’ d like to sustain this production level for at least 30 or 35 years ,” says Elias . “ The big question is , how can we extract more oil in an economical way in order to keep the momentum until 2050 ? That is the base strategy that we are following with our production department , our refinery , and our retail market – how can we sustain what we already have ?”
94 March 2018