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.