BitMine increases ethereum holdings to $6.6 billion, adds 373,000 tokens
PARIS - TotalEnergies (NYSE:TTE) has acquired a 25% interest in Block 53 offshore Suriname from Moeve (formerly CEPSA), according to a press release statement. The company will join existing partners APA (45%, operator) and Petronas (30%) in the license.
Block 53 is located directly east of Block 58, where TotalEnergies serves as operator with a 40% stake. In October 2024, TotalEnergies and its partners announced the Final Investment Decision for the GranMorgu development in Block 58.
The newly acquired block contains the Baja-1 discovery, which was drilled near the border of Block 58. This proximity to TotalEnergies’ existing operations potentially allows for operational synergies.
"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.
The transaction represents a strategic expansion of TotalEnergies’ presence in Suriname’s offshore energy sector. The company plans to leverage the GranMorgu infrastructure to develop additional resources and extend production.
The financial terms of the acquisition were not disclosed in the announcement.
TotalEnergies operates in approximately 120 countries globally with more than 100,000 employees across its integrated energy business, which includes oil, natural gas, renewables, and electricity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.