(WO) — TotalEnergies has agreed to accumulate the 25 % curiosity held by Moeve (previously CEPSA) in Block 53 offshore Suriname, increasing its place in a basin the corporate already operates.
The transaction aligns TotalEnergies with APA Company (45 %, operator) and Petronas (30 %) on the licence, which lies immediately east of Block 58. TotalEnergies (40 %*) and companions sanctioned the GranMorgu growth in Block 58 final October. Block 53 comprises the Baja-1 discovery, drilled close to the block border.
“This acquisition brings new assets to the event of our low-cost and low-emission GranMorgu undertaking,” stated Javier Rielo, Senior Vice President Americas, Exploration & Manufacturing at TotalEnergies. “It additionally proves how TotalEnergies will leverage GranMorgu infrastructure to develop profitably extra assets and prolong its manufacturing plateau, strengthening the place of the Firm within the offshore of Suriname.”
*After 20 % Staatsolie (NOC) back-in.
