Suriname: TotalEnergies Expands Its Presence With A New Offshore Exploration License

TotalEnergies and its companions QatarEnergy and Petronas have signed a manufacturing sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil firm of Suriname.

Block 64 was awarded to TotalEnergies and its companions within the Bid Spherical 2022-2023 organized by the authorities of Suriname. TotalEnergies will function the block with a 40% curiosity, alongside QatarEnergy (30%) and Petronas (30%).

Block 64 is a big 6,262 km2 block situated about 250 km from shore.

“TotalEnergies is delighted to broaden additional its presence in offshore Suriname, along with two strategic companions. This new block matches properly with our technique to focus our exploration exercise in exploring for materials low price and low emission assets in core areas for the Firm”, mentioned Kevin McLachlan, Senior Vice President Exploration of TotalEnergies.

In Suriname, TotalEnergies operates Block 58 (50%) the place 5 discoveries have been made and the place growth research are in progress, with the target of sanctioning a 200,000 b/d oil undertaking by finish 2024. In Could 2023, TotalEnergies entered exploration blocks 6 and eight as operator (40%) alongside QatarEnergy (20%) and Paradise Oil Firm (POC), a subsidiary of the nationwide firm Staatsolie (40%).