TotalEnergies to Conduct Studies for Oil Project With Investment Value of $9 Billion in Suriname
September 13 2023 - 12:48PM
Dow Jones News
By Giulia Petroni
TotalEnergies will carry out development studies for an oil
project representing an investment of around $9 billion in Block 58
off the coast of Suriname.
The French oil-and-gas major said Wednesday that detailed
engineering studies will start by year end. A final investment
decision is expected by the end of 2024, with a first production
target in 2028.
The company operates the block with a 50% interest, while U.S.
oil producer APA holds the remaining 50%.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 13, 2023 12:33 ET (16:33 GMT)
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