DP World expands investment in Suriname , encouraged by the country’s potential for sustainable development through its evolving oil and gas sector.

DP World expands investment in Suriname , encouraged by the country’s potential for sustainable development through its evolving oil and gas sector.

Date: 08-15-2021

In line with the company’s strategic objectives in the oil and gas sector, DP World has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to end solutions for the oil & gas operations in the promising Guyana-Suriname basin.

In line with the company’s strategic objectives in the oil and gas sector, DP World has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to end solutions for the oil & gas operations in the promising Guyana-Suriname basin.

Therefore, Integra Port Services operating under the brand name DP World Paramaribo enters into a joint venture with Suriname partners HJ de Vries Project Development N.V. and FIRM Engineering N.V., landowner and initiator of the endeavor to build a world-class facility on the east bank of the Suriname River close to the Atlantic Ocean. A wide-ranging Offshore Support Base on 50-hectare area located at former plantation Suzannasdaal, a 330-hectare property with 1,000 m waterfront; hence an abundance of available land for future expansion and/or establishment of further supporting industries. Natural deep water is guaranteed in the surroundings of the base allowing for safe Offshore Supply Vessel operations up to 7m draft at all times.

Being close to the river mouth the projected Suzannasdaal Support Base will be the nearest port to the Suriname offshore operations; approximately 200km from the current promising oil discoveries which will support fast supply from and to the projected oilrigs

The Offshore Supply Base, a Total investment in excess of USD 100 million, shall significantly attract business to the country, enabling growth of the private sector and creating a wide range of sustainable employment opportunities. Positively contributing to the industry’s local content, to the Suriname economy and to the welfare of the Suriname population

Assessment of environmental and social impacts for Suriname supply base development is in favor of the Suzannasdaal projection; a key criterion for the joint venture led by DP World.

DP World trusts this investment expansion in Suriname to be durable and fruitful, in line with the company’s sustainable strategy ‘Our World, Our Future’, prioritizing sustainability and impact on the people, communities and environment in which the company operates. As part of the local content strategy of the country, the Off shore support base will act as a gateway for International Oil companies and Local industries to acquire and offer services within the total supply chain and elevate the standards of Port Industry in Suriname.  Our joint venture looks forward to work together with all government and non-government stakeholders as well as the private sector to jointly develop the required infrastructure and services. 15 ha from the Offshore Supply Base is scheduled to commence initial operations at the end of 2022.

About DP World

We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. 

We deliver these services through an interconnected global network of 181 business units in 64 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 56,000 employees from 140 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

We think ahead, anticipate change and deploy industry-leading technology to broaden our vision of more efficient, transparent and resilient world trade. We achieve this by leveraging disruptive innovation to create the smartest and most effective logistics solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.