TotalEnergies Expands in Suriname, Signs Block 64 Production Sharing Contract
December 15 2023 - 10:16AM
Dow Jones News
By Pierre Bertrand
TotalEnergies said that it has expanded its presences in the
South American country of Suriname with a new offshore exploration
license.
The French oil and gas major, along with partners QatarEnergy
and Petronas, signed a production-sharing contract for Block 64
with the country's state-owned oil company, Staatsolie Maatschappij
Suriname.
TotalEnergies will operate the block with a 40% stake with
QatarEnergy and Petronas splitting the remainder equally at 30%
each, TotalEnergies said Friday.
The block is situated roughly 250 kilometers from the coast and
is more than 6,000 square kilometers in size, the company said.
TotalEnergies and its partners were awarded the block in the
country's 2022-23 bidding round, TotalEnergie said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 15, 2023 10:01 ET (15:01 GMT)
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