REG-TotalEnergies SE Suriname: TotalEnergies Expands its Presence with a New Offshore Exploration License

TotalEnergies SEAnnouncement

15/12/2023 15:00

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Suriname: TotalEnergies Expands its Presence with a New Offshore Exploration
License

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners QatarEnergy
and Petronas have signed a production sharing contract for Block 64 with
Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of
Suriname.

Block 64 was awarded to TotalEnergies and its partners in the Bid Round
2022-2023 organized by the authorities of Suriname. TotalEnergies will operate
the block with a 40% interest, alongside QatarEnergy (30%) and Petronas (30%).

Block 64 is a large 6,262 km(2) block located about 250 km from shore.

“TotalEnergies is delighted to expand further its presence in offshore
Suriname, together with two strategic partners. This new block fits well with
our strategy to focus our exploration activity in exploring for material low
cost and low emission resources in core areas for the Company”, said Kevin
McLachlan, Senior Vice President Exploration of TotalEnergies.

In Suriname, TotalEnergies operates Block 58 (50%) where five discoveries have
been made and where development studies are in progress, with the objective of
sanctioning a 200,000 b/d oil project by end 2024. In May 2023, TotalEnergies
entered exploration blocks 6 and 8 as operator (40%) alongside QatarEnergy
(20%) and Paradise Oil Company (POC), a subsidiary of the national company
Staatsolie (40%).

***

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, more sustainable, 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.

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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 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 

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