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TotalEnergies Set to Make $10B Investment Decision Offshore Suriname

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Suriname News

Totalenergies,Apache Corp,Upstream

TotalEnergies is preparing to make a $10-billion-plus final investment decision for a massive oil and gas development project offshore Suriname

, as the French giant eyes Exxon’s success in maritime neighbor Guyana, Reuters reported on Monday, exclusively, citing unnamed sources. Earlier this month, TotalEnergies announced the launch of development studies for the project in Block 58, offshore Suriname, where the company is the operator with a 50% interest, alongside APA Corporation.

“These reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO Floating Production, Storage and Offloading unit located 150 km off the Suriname coast, with an oil production capacity of 200,000 barrels per day,” TotalEnergies said in a September 13 press release, adding that the FDI was expected by the end of this year, with first production anticipated in 2028.

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