Suriname prepares for first offshore oil project journalrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalrecord.com Daily Mail and Mail on Sunday newspapers.
Suriname for the first time in its history will see offshore oil drilling in its waters after French company TotalEnergies on Wednesday announced a $9 billion project expected to boost the impoverished country’s economy and ease austerity measures imposed by the International Monetary Fund. CEO Patrick Pouyanné said previous exploration suggests the two sites where…
SURINAME'S quest for an oil boom has been reignited by France-based TotalEnergies announcing that it will begin development studies for a large oil project offshore the Caribbean nation before the.
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.
TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname s most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country.