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