REG-TotalEnergies SE Suriname: TotalEnergies Announces Another Successful Well in Offshore Block 58

TotalEnergies SEAnnouncement

29/07/2021 08:15

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Suriname: TotalEnergies Announces Another Successful Well in Offshore Block 58

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and APA Corporation have
encountered oil in the Sapakara South-1 well on Block 58 off the coast of
Suriname. This announcement follows previous discoveries at Maka Central,
Sapakara West, Kwaskwasi and Keskesi.

Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara
South-1 was drilled in a water depth of about 850 meters. Sapakara South
encountered 30 meters net pay of oil, in a good quality Campano-Maastrichtian
reservoir.

“We are pleased by this new successful well at Sapakara South-1, very
similar to the one announced in Keskesi earlier this year. These repeated
positive results confirm our strategy which targets large resource volumes at
low development costs,” declared Kevin McLachlan, Senior Vice President
Exploration at TotalEnergies. “As the operator of the prolific block 58,
this encourages us to continue our effort, jointly with our partner, to add to
the resource base while conducting the appraisal operations designed to prove
a commercial oil development.”

The drilling operations will continue with the Maersk Valiant drillship.
TotalEnergies is the operator, holding a 50% working interest and Apache
holding a 50% working interest. Upon completion of the Sapakara South -1 well,
the rig will move to drill the Bonboni – 1 well in Block 58.

____

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.

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.

TotalEnergies Contacts 

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

Investor Relations : +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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