STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

Suriname: TotalEnergies Increases Its Presence and Signs Production Sharing Contracts for Shallow Offshore Blocks 6 And 8

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
TotalEnergies signs Production Sharing Contracts on Blocks 6 & 8 in Suriname with Staatsolie Maatschappij Suriname
Positive
  • TotalEnergies expands its operatorship position in Suriname, a world-class emerging basin
  • TotalEnergies will operate Blocks 6 & 8 with a 40% interest
  • Strategic international partnership with QatarEnergy in Suriname
Negative
  • No negative takes found

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners, have signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname.

Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks with a 40% interest, alongside QatarEnergy (20%) and Paradise Oil Company (POC), a subsidiary of Staatsolie (40%).

Located in the southern part of offshore Suriname, close to the border with Guyana and with depths between 30 meters and 50 meters, the shallow water Blocks 6 & 8 are immediately adjacent to the operated Block 58 where several discoveries have been made and appraisal drilling is ongoing.

“TotalEnergies is pleased to expand its operatorship position in Suriname, a world class emerging basin, exploring for low technical costs and low GHG emission oil resources” outlined Kevin McLachlan, Senior Vice President Exploration, at TotalEnergies. “This new milestone further strengthens our strategic international partnership with QatarEnergy marking its first entry to Suriname”.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TOTALENERGIES SE

FAQ

What are the blocks that TotalEnergies signed Production Sharing Contracts on in Suriname?

TotalEnergies signed Production Sharing Contracts on Blocks 6 & 8 in Suriname.

Who are the partners in the Production Sharing Contracts?

The partners in the Production Sharing Contracts are QatarEnergy and Paradise Oil Company (POC), a subsidiary of Staatsolie.

Where are the blocks located?

Blocks 6 & 8 are located in the southern part of offshore Suriname, close to the border with Guyana.

What is the percentage of TotalEnergies' interest in the blocks?

TotalEnergies has a 40% interest in Blocks 6 & 8.

What is the significance of this milestone for TotalEnergies?

This milestone further strengthens TotalEnergies' strategic international partnership with QatarEnergy and expands its operatorship position in Suriname.

TotalEnergies SE

NYSE:TTE

TTE Rankings

TTE Latest News

TTE Stock Data

131.25B
2.26B
0%
7.06%
0.18%
Oil & Gas Integrated
Energy
Link
United States of America
Courbevoie