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TotalEnergies Expands Offshore Suriname Stake with Block 53 Acquisition

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TotalEnergies Expands Offshore Suriname Stake with Block 53 Acquisition

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The latest update is out from TotalEnergies SE ( (FR:TTE) ).

TotalEnergies has acquired a 25% interest in Block 53 offshore Suriname, previously held by Moeve, joining APA and Petronas as partners in the license. This acquisition aims to support the development of the GranMorgu project by leveraging existing infrastructure, enhancing TotalEnergies’ position in Suriname’s offshore sector, and potentially extending its production capabilities.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company that produces and markets a range of energies, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees, the company operates in about 120 countries and emphasizes sustainability in its strategy and operations.

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