TotalEnergies announced on June 27, 2025, that it has acquired a 25% interest in Block 53 offshore Suriname from Spain’s Moeve, formerly CEPSA. This acquisition strengthens TotalEnergies' position in the promising Suriname-Guyana basin.
Block 53 is situated directly east of Block 58, where TotalEnergies serves as operator with a 40% stake, creating synergies and enhancing the company's operational footprint in the region. This move expands its exploration potential.
For investors, this acquisition demonstrates TotalEnergies' strategic focus on high-potential offshore exploration assets. It underscores the company's commitment to growing its upstream portfolio and securing future hydrocarbon resources.
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