REG-TotalEnergies SE Suriname: TotalEnergies Announces Another Significant Discovery in Block 58

TotalEnergies SEAnnouncement

21/02/2022 07:45

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Suriname: TotalEnergies Announces Another Significant Discovery in Block 58

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and APA Corporation have made a
significant new oil and associated gas discovery at the Krabdagu-1 well, in
the central area of Block 58, offshore Suriname. This follows previous
discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully
tested Sapakara South-1 appraisal well.

Located 18 kilometers south-east of Sapakara South, Krabdagu-1 was drilled at
a water depth of 780 meters and encountered approximately 90 meters of net oil
pay in good quality Maastrichtian and Campanian reservoirs.

“This successful exploration well at Krabdagu-1 is a significant addition to
the discovered resources in the central area of Block 58. This result
encourages us to continue our exploration and appraisal strategy of this
prolific Block 58 in order to identify sufficient resources by year end 2022
for a first oil development” said Kevin McLachlan, Senior Vice President,
Exploration at TotalEnergies.

Drilling and logging operations will continue, using the Maersk Valiant
drillship. DST operations will be carried out on Krabdagu-1 to appraise the
resources and productivity, and at least three further exploration and
appraisal wells are planned to be drilled in 2022 on the block.

TotalEnergies is the operator of Block 58, with a 50% working interest, while
APA Corporation holds the remaining 50%.

***

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, reliable and accessible to as many people as possible.
Active in more than 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

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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.

Contacts 

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



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