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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