TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname.

Awarded Block 64

Block 64 Details

Block 64 is a large 6,262 km(2) block located about 250 km from shore.

Expansion in Offshore Suriname

"TotalEnergies is delighted to expand further its presence in offshore Suriname, together with two strategic partners. This new block fits well with our strategy to focus our exploration activity in exploring for material low cost and low emission resources in core areas for the Company", said Kevin McLachlan, Senior Vice President Exploration of TotalEnergies.

TotalEnergies in Suriname

In Suriname, TotalEnergies operates Block 58 (50%) where five discoveries have been made and where development studies are in progress, with the objective of sanctioning a 200,000 b/d oil project by end 2024. In May 2023, TotalEnergies entered exploration blocks 6 and 8 as operator (40%) alongside QatarEnergy (20%) and Paradise Oil Company (POC), a subsidiary of the national company Staatsolie (40%).

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Cautionary Note

TotalEnergies: A Leading Energy Company

The terms "TotalEnergies," "TotalEnergies company," or "Company" refer to TotalEnergies SE and its consolidated entities that are under its direct or indirect control. Throughout this document, the words "we," "us," and "our" may also be used to refer to these entities or their employees. It is important to note that the entities in which TotalEnergies SE has a shareholding are separate legal entities.

This document may contain forward-looking information and statements based on economic data and assumptions in a specific economic, competitive, and regulatory environment. However, it is crucial to acknowledge that these predictions may prove to be inaccurate in the future due to various risk factors. Therefore, TotalEnergies SE and its subsidiaries do not assume any obligation to publicly update any forward-looking information or statements contained in this document, including objectives and trends, whether as a result of new information, future events, or otherwise.

For detailed information on risk factors that could impact TotalEnergies' financial results or activities, please refer to the most recent Registration Document filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) and the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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Contact

TotalEnergies can be reached through the following channels:

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