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Suriname

0 Employees

  • Third-party revenues

    $1,198

  • Related-party revenues

    $0

  • Total revenues

    $1,198

  • Profit before tax

    $(3,546,907)

  • Tax paid

    $0

  • Tax accrued

    $0

  • Tangible assets

    $77,288,815

  • Stated capital

    $0

  • Accumulated earnings

    $0

Main business activities

  • Upstream

Shell’s footprint

Shell has been present in Suriname since December 2020 when it acquired a 33% stake in offshore Block 42 from Kosmos Energy. In December 2021, KE Suriname B.V. farmed into the Block 5 licence with Chevron Suriname Exploration Limited (the operator) and Paradise Oil Company N.V. KE Suriname BV has a 33.3% interest in the Block 5 licence during the exploration phase.

Country financial analysis

The statutory corporate income tax rate in Suriname was 36% for 2021. We are investing in upstream operations and therefore we have reported a loss.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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