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  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Corporate income tax paid


  • Corporate income tax accrued


  • Stated capital


  • Accumulated earnings


  • Tangible assets


  • 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.

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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