When and where will PetroChina begin drilling in Suriname, and what are the key contractual and partnership details?

PetroChina will begin shallow-water drilling in Suriname in 2027, following this year’s focus on defining well locations in Blocks 14 and 15 — two shallow-water blocks in which the company participates. The company signed production sharing contracts for these blocks in 2024 after a bidding round, and Suriname’s state-owned Staatsolie holds a 30% stake in both areas through its subsidiary Paradise Oil Company.

Who is leading PetroChina’s operations in Suriname, and what did they state about the company’s strategic planning for the country?

Li Guoyong, general manager of PetroChina’s Suriname unit, stated at an energy conference that the company has 'formulated a clear operation plan' for its activities in the country, underscoring its structured and forward-looking approach to developing its Surinamese assets.

PetroChina to begin shallow-water drilling in Suriname next year, executive says

Jun 24, 2026

PetroChina plans to commence shallow-water drilling operations in Suriname by 2027 following the signing of production sharing contracts for Blocks 14 and 15 in 2024.

reuters

2026-02-27

PetroChina to Team Up on Polyolefins with Bayegan

2026-04-15

CATL Overtakes PetroChina in Market Value as Green Bets Ramp Up

2026-05-20

Deep under China's coal basins, PetroChina is unlocking gas from rocks

2026-06-24

PetroChina to begin shallow-water drilling in Suriname next year, executive says

2026-07-16

PetroChina Announces First Start-Up of Ethylene Project in Xinjiang

PetroChina to begin shallow-water drilling in Suriname next year, executive says

FAQ