TotalEnergies Expands Suriname Presence With 25% Stake in Block 53

Key Takeaways TotalEnergies acquired a 25% interest in Block 53 offshore Suriname from Moeve, joining APA and Petronas. The deal adds to TTE's GranMorgu project, a $10.5B low-emission venture with 750M barrels of resources. TTE will utilize the GranMorgu infrastructure for production increase and the development of new resources.TotalEnergies SE (TTE) announced that it has signed an agreement to acquire the 25% interest held by Moeve (formerly CEPSA) in Block 53, offshore Suriname. Together with Petronas, ...