Suriname
Employees
1
-
Third-party revenues
$765,681
-
Related-party revenues
$0
-
Total revenues
$765,681
-
Profit before tax
$(50,468,256)
-
Corporate income tax paid
$0
-
Corporate income tax accrued
$0
-
Stated capital
$0
-
Accumulated earnings
$0
-
Tangible assets
$78,720,603
-
Other payments to governments
–
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. Shell is the operator in the current exploration phase. In December 2021, Shell-owned 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 B.V. 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 2022. We are investing in upstream operations and have therefore reported a loss. The increase in revenues in 2022 was generated by bank deposits, which were made to cover significant drilling and exploration costs.
