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TTE TotalEnergies SE

66.36
-0.49 (-0.73%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.49 -0.73% 66.36 66.20 66.48 67.16 65.99 66.85 2,803,917 16:40:00

Total Enters Suriname With 50% Interest in Offshore Block

23/12/2019 8:07am

Dow Jones News


TotalEnergies (EU:TTE)
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From May 2019 to May 2024

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   By Cristina Roca 
 

Total SA (FP.FR) said Monday that it has signed an agreement with Apache Corp. (APA) to buy a 50% working interest and operatorship in a block offshore Suriname.

The French energy major will enter Suriname with the purchase of the stake in Block 58, for which it will pay a bonus of $100 million plus its share of past costs, it said.

"Total will provide a reimbursable carry for a share of Apache's capital expenditure for the development phase and make some additional payments linked to the development and production," the company said.

Cost of carry and payments would represent an acquisition cost of around $2 a barrel, Total said.

 

Write to Cristina Roca at cristina.roca@dowjones.com

 

(END) Dow Jones Newswires

December 23, 2019 02:52 ET (07:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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