TotalEnergies has signed an agreement to acquire the 25% interest held by Moeve (formerly known as CEPSA) in Block 53, offshore Suriname, joining APA (45%, operator) and Petronas (30%) as partner in the license.
Block 53 lies directly east of Block 58, where TotalEnergies (40%*, operator) and its partners announced the Final Investment Decision for the GranMorgu development in October 2024. Block 53 contains the Baja-1 discovery, drilled near the border of Block 58.
'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. 'It also proves how TotalEnergies will leverage GranMorgu infrastructure to develop profitably additional resources and extend its production plateau, strengthening the position of the Company in the offshore of Suriname'.
* After 20% Staatsolie (NOC) back-in
Source: TotalEnergies
