Suriname: TotalEnergies Announces Another Successful Well in Offshore Block 58

·2 min read

PARIS, July 29, 2021--(BUSINESS WIRE)--Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and APA Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi.

Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara South encountered 30 meters net pay of oil, in a good quality Campano-Maastrichtian reservoir.

"We are pleased by this new successful well at Sapakara South-1, very similar to the one announced in Keskesi earlier this year. These repeated positive results confirm our strategy which targets large resource volumes at low development costs," declared Kevin McLachlan, Senior Vice President Exploration at TotalEnergies. "As the operator of the prolific block 58, this encourages us to continue our effort, jointly with our partner, to add to the resource base while conducting the appraisal operations designed to prove a commercial oil development."

The drilling operations will continue with the Maersk Valiant drillship. TotalEnergies is the operator, holding a 50% working interest and Apache holding a 50% working interest. Upon completion of the Sapakara South -1 well, the rig will move to drill the Bonboni – 1 well in Block 58.

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About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 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

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms "Company" or "TotalEnergies company" refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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Contacts

TotalEnergies Contacts
Media Relations : +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations : +44 (0)207 719 7962 l ir@totalenergies.com

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