REG-TotalEnergies SE Suriname: TotalEnergies Acquires 25% Interest in Block 53

TotalEnergies SEAnnouncement

27/06/2025 08:30

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Suriname: TotalEnergies Acquires 25% Interest in Block 53

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to
acquire the 25% interest held by Moeve (formerly known as CEPSA) in Block 53,
offshore Suriname, joining APA (45%, operator) and Petronas (30%) as partner
in this license.

Block 53 lies directly east of Block 58, where TotalEnergies (40%(*),
operator) and its partners announced the Final Investment Decision for the
GranMorgu development
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fnews%2Fpress-releases%2Fsuriname-totalenergies-announces-final-investment-decision-granmorgu&esheet=54282545&newsitemid=20250626647551&lan=en-US&anchor=the+Final+Investment+Decision+for+the+GranMorgu+development&index=1&md5=a83b5eaae06afd9bb79551f3314435ff)
in October 2024. Block 53 contains the Baja-1 discovery, drilled near the
border of Block 58.

“This acquisition brings new resources to the development of our low-cost
and low-emission GranMorgu project”, said Javier Rielo, Senior Vice
President Americas, Exploration & Production at TotalEnergies. “It also
proves how TotalEnergies will leverage GranMorgu infrastructure to develop
profitably additional resources and extend its production plateau,
strengthening the position of the Company in the offshore of Suriname”.

* After 20% Staatsolie (NOC) back-in

***

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

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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 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).

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