Chief Executive Officer (CEO) Patrick Pouyanné said previous exploration suggests the two sites where the company would drill could yield close to 700 million barrels, with first production expected by late 2028. TotalEnergies is the operator of the oil block and an equal partner with Texas-based APA Corp., an energy company.
The announcement was celebrated by Suriname President Chan Santokhi, who pledged that the people of the South American country would benefit from the investment.
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