STAATSOLIE MAATSCHAPPIJ SURINAME NV
Business Summary
Staatsolie Maatschappij Suriname NV (SMS) is a Suriname-based crude petroleum extraction company. The Company is an integrated oil company that fulfills two functions: a commercial function and an institutional function. In the commercial function, it is involved in exploration, drilling, production, treatment and refining of crude oil and marketing and transportation of refined products. In the institutional function, it acts on behalf of the state in attracting and negotiating petroleum contracts with international oil companies and in monitoring their activities based on the contract. It also acts as agent for the state with respect to the petroleum industry, a capacity where it is responsible for assessing the hydrocarbon potential of open blocks, offering them to the industry, negotiating petroleum contracts and supervising the execution of these agreements.
Country of Incorporation
Surinam
Incorporation Date
-
Business Sector
Energy - Fossil Fuels
Company Address
Dr. Ir. H.S. Adhinstraat 21, P.O.Box 4069, Paramaribo
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