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Staatsolie's subsidiary, Staatsolie Power Company Suriname N.V. (SPCS), generated approximately 1.41 million megawatt hours (MWh) of electricity, accounting for 67 percent of Suriname's electricity demand. Approximately 42 percent of the electricity demand was supplied from the SPCS Brokopondo hydropower plant.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, visited Suriname for this occasion. The name GranMorgu is derived from a fish species found in Surinamese coastal waters and symbolizes a new beginning for Suriname, which is currently facing economic challenges.
The contribution to the government’s treasury amounts to nearly US$ 390 million (US$ 335 million in 2023) in the form of taxes, dividends, and royalties from Staatsolie’s participation in gold mines. Staatsolie has once again made a significant contribution to Suriname’s Gross Domestic Product (GDP).
On 13 September, Staatsolie and PetroChina Investment Suriname B.V. (PetroChina), a subsidiary of China National Petroleum Corporation, signed production sharing contracts for offshore blocks 14 and 15. With these contracts, PetroChina has obtained exploration, development, and production rights in both blocks.
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