TotalEnergies’ $9 Billion Suriname Bet Signals Offshore Exploration Rebound

TotalEnergies’ $9 Billion Suriname Bet Signals Offshore Exploration Rebound

TotalEnergies SE is assembling a fleet of deepwater rigs, support vessels and drilling crews off the coast of Suriname in the clearest sign yet that it’ll move forward with a historic oil development.

Although the French supermajor hasn’t formally greenlit the $9 billion development of crude discoveries in the Latin American nation, it’s already seeking to lock in two rig leases for future drilling in the area, according to people familiar with the tenders who asked not to be named discussing non-public information.

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Publish date : 2024-09-20 00:30:00

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