The Suriname-Guyana Basin: The Next Giant Suriname 2013 ... 2012...Functions Commercial Function: • Independent, vertically integrated Oil Company Institutional Function: • On

The Suriname-Guyana Basin:

The Next Giant

Suriname 2013 International Bidding Round

February 21-24, 2012

Functions

Commercial Function: • Independent, vertically integrated Oil Company Institutional Function: • On behalf of the Government of Suriname:

- policy, promotion, contracting and supervision of petroleum activities

• Exploration : 180,000 km2 • Crude production: 16,000 bopd (onshore) • Refining: 7,200 bpsd • Marketing (Bunkering): 720,000 bbls per year • Thermal Power generation: 28 MW

• Founded in 1980 • Republic of Suriname - 100% shareholder

History

Core Activities

Overview Staatsolie

Block 31

Block 37

Block 47

Block 42

Block 45

Block 48

1 2 34 6 7

13 14 15

364443

32

46

35

5

Demerara Plateau

5350

51

Surinam

e-F

rench

Guia

na M

aritim

e B

ord

er

Surinam

e-G

uya

na M

aritim

e B

ord

er

Nickerie Block Coronie Block

Ca

lcu

tta

Blo

ck

Ta

mb

are

djo

Blo

ck

Uit

kij

k B

loc

k

We

g n

aa

r Z

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Blo

ck

Commewijne Block

Guyana

Suriname French GuianaGuyana

Brazil

EXXON (75%)

SHELL (25%)

CGX (100%)

TULLOW (30%)

Georgetown

Concession

REPSOL (45%)

CGX (25%)

Stabroek Concession

Corentyne

Annex

CGX (100%)

Corentyne Concession

Murphy Oil

Inpex

Kosmos Energy

Tullow Oil

Kosmos Energy

Murphy Oil

52

Fren

ch G

uian

a-Bra

zil M

aritim

e Bor

der

Tullow 27.5%

Shell 45%

Total 25%

North Pet Investments 2.5%

0 40 80 120 160 km

Tambaredjo Oil Field

Calcutta Oil Field

Onshore oil Fields STOIIP 700million barrels. Production 16,000 BOPD

NESW

2000

2500

3000

3500

4000

4500

5000

5500

6000

M id-M iocene Unc.

Neocomian

Barremian

U. Cret.

REGIONAL CROSS-SECTION OVER DEMERARA PLATEAU 3

“Not So Passive” (AAPG 2009)

S N

• Jubilee Field offshore Ghana

• Venus well offshore Sierra Leone

Equatorial Atlantic Play Fairway

Zaedyus Well Fr. Guyana

Legend:

Open Blocks

Blocks under contract Staatsolie Operated Blocks

Staatsolie Oil fields

January 2012

Block 31

Block 37

Block 47

Block 42

Block 45

Block 48

1 2 34 6 7

13 14 15

364443

32

46

35

5

Demerara Plateau

5350

51

Surinam

e-F

rench

Guia

na M

aritim

e B

ord

er

Surinam

e-G

uya

na M

aritim

e B

ord

er

Nickerie Block Coronie Block

Ca

lcu

tta

Blo

ck

Ta

mb

are

djo

Blo

ck

Uit

kij

k B

loc

k

We

g n

aa

r Z

ee

Blo

ck

Commewijne Block

Guyana

Suriname French GuianaGuyana

Brazil

EXXON (75%)

SHELL (25%)

CGX (100%)

TULLOW (30%)

Georgetown

Concession

REPSOL (45%)

CGX (25%)

Stabroek Concession

Corentyne

Annex

CGX (100%)

Corentyne Concession

Murphy Oil

Inpex

Kosmos Energy

Tullow Oil

Kosmos Energy

Murphy Oil

52

Fren

ch G

uian

a-Bra

zil M

aritim

e Bor

der

Tullow 27.5%

Shell 45%

Total 25%

North Pet Investments 2.5%

0 40 80 120 160 km

Tambaredjo Oil Field

Calcutta Oil Field

Onshore oil Fields STOIIP 700 million barrels. Production 16,000 BOPD

Acquired 5,000km 2D seismic

Acquisition: December 2011 Available: Q4 2012

2D BroadSeis ®

Test line (Processing Ongoing up to 08/2012)

0 0

500 500

1000 1000

1500 1500

2000 2000

2500 2500

3000 3000

3500 3500

4000 4000

4500 4500

5000 5000

5500 5500

6000 6000

6500 6500

7000 7000

7500 7500

8000 8000

8500 8500

9000 9000

9500 9500

10000 10000

10500 10500

11000 11000

11500 11500

Amplitude

-6

0.0

00

-4

0.0

00

-2

0.0

00

0.0

00

20

.00

0

40

.00

0

60

.00

0

ShotCMP

ShotCMP

10360 1027053845

1018054050

1009054255

1000054461

991054667

9840 977054986

9700 963055304

9560949055622

9420 935055942

9280 921056261

9140 907056580

9000893056900

8860 879057219

8720865057538

8580 851057858

8440 837058178

8300 823058497

8160 809058816

8020 795059135

7880 781059454

7740767059773

7600 753060092

7460739060411

7320 725060730

7180 711061049

7040 697061368

6900 683061688

6760 669062006

6620 655062326

6480641062645

6340 627062963

6200613063281

6060 599063600

5920 585063919

5780 571064238

5640 557064557

5500 543064876

5360 529065195

5220515065514

5080 501065833

4940487066151

4800 473066470

4660 459066788

4520 445067107

4380 431067426

4240 417067745

4100 403068064

3960389068383

3820 375068702

3680361069021

3540 347069340

3400 333069659

3260 319069978

3120 305070297

2980 291070615

2840 277070934

2700263071253

2560 249071571

2420235071890

2280 221072210

2140 207072529

2000 193072848

1860 179073167

1720 165073486

1580 151073805

1440137074123

1300 123074442

1160109074761

1020

m-RE07-SUR-106 SO-04-SOM -42 Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1Dem-11SOM 0023P1007_1m-RE07-SUR-209 m-RE07-SUR-118 m-RE07-SUR-102r-r04 122x A Dem-11SOM 0004P1004_1m-RE07-SUR-213t-SWT01 2 Dem-11SOM 0004P1004m-RE07-SUR-104a SO-04-SOM -43Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2Dem-11SOM 0023P1007_2m-RE07-SUR-211t-SWT01 1 s-07-SUR-06

Jurassic

Miocene Base Tertiary

Miocene

Early Cretaceous

Late Cretaceous Albian Unconformity

Database Q.4 2012

Timeline

Schedule of Events Suriname International Bidding Round 2013

Data Acquisition Q4 2011

Finish Data Processing Q3 2012

Data Package 2012 available Q4 2012

Announcing 2013 Bidding Round Q1 2013

Closing 2013 Bidding round Q3 2013

Block awarding Q4 2013

Visit Us booth # 925 International Pavilion

Contact:

Staatsolie Maatschappij Suriname N.V.

Attn: Manager Petroleum Contracts

Mrs. M. Daal-Vogelland

Email:[email protected]

Web site: www.staatsolie.com/pio

February 21-24, 2012