Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., announces the launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara acreage of Suriname.

The blocks are located east to the current offshore discoveries and have a water depth varying from 400 to 3500 meters.

The data room containing data and information on the open acreage opens on 28 November 2022 and will close to new bidders on 28 April 2023, with bids to be submitted by 31 May 2023. All the necessary information related to the Demerara Bid Round 2022-2023 will be accessible via the Staatsolie website.