Suriname: TotalEnergies Expands Its Presence With A New Offshore Exploration License eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
TotalEnergies, in partnership with QatarEnergy and Petronas, have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname.
TotalEnergies will launch development studies for a major oil project of $ 9 billion and 200,000 barrels / day off the coast of Suriname. "The final investment decision" (FID which decides on exploitation or not) is "expected for the end of 2024 with a production target in 2028" The French oil company is "the operator of Block 58, with a 50% stake alongside" the American "APA Corporation" President Chan Santokhi has made it clear that Staatsolie will exercise its 20% stake right.