TTE - Suriname Oil Boom On the Horizon: TotalEnergies APA Near FID for Block 58 | Benzinga
TotalEnergies SE (NYSE:TTE), APA Corporation (NASDAQ:APA), and Staatsolie Maatschappij Suriname disclosed key advancements towards the Final Investment Decision (FID) for developing offshore Block 58.
The FID is anticipated in the fourth quarter of 2024, with production set to begin in 2028. Notably, TotalEnergies and APA operate Block 58, with each holding a 50% stake.
Staatsolie has the option to join the development project with up to a 20% interest once the FID is made.
Significant milestones have been reached on the path to FID, with Staatsolie and TotalEnergies already agreeing on the field development area, optimizing value for Suriname and ...