TotalEnergies and APA set to unlock 800 million barrel-oil hub offshore Suriname



Partners in Block 58 offshore Suriname are progressing toward a major development hub that is estimated to hold combined in place resources north of 800 million barrels of oil.

French supermajor TotalEnergies and US independent APA Corporation have made a series of discoveries in Block 58 and are now focusing on unlocking the potential of the joint Sapakara-Krabdagu area.

APA, which holds a 50% working interest in the block, said the consortium is currently appraising the Krabdagu find, which is expected to add incremental oil resources to the preliminary volumes.