QatarEnergy has broadened its international footprint after signing two new production sharing contracts (PSCs) for offshore Blocks 9 and 10 in Suriname. The agreements follow the POST SHO2 bid round held in June 2025, where the blocks were awarded to a consortium led by the Qatari state energy firm.

Under the terms of the contracts, QatarEnergy will hold a 20% working interest in Block 9. Its partners include PETRONAS Suriname E&P B.V. (PETRONAS Suriname), which will act as the operator with a 30% share, Chevron with 20%, and Staatsolie’s affiliate, Paradise Oil Company (POC), holding 30%.

In Block 10, QatarEnergy will have a 30% working interest, while Chevron, as the operator, will also hold 30%, alongside PETRONAS Suriname with 30% and POC with 10%.

Commenting on the new agreements, Minister of State for Energy Affairs and President and CEO of QatarEnergy, HE Saad Sherida Al-Kaabi, said: “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.”

Minister Al-Kaabi also expressed appreciation to the Surinamese government and the company’s partners, adding: “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 located offshore Suriname in waters up to 50 metres deep and are situated near recent discoveries that have strengthened the petroleum prospects of the region.