TotalEnergies completed the acquisition of a 25% stake in Block 53 from Moeve for $38m.

TotalEnergies, an integrated energy company, completed the acquisition of a 25% stake in Block 53 from Moeve, a company that provides wholesale distribution of petroleum products, for $38m. “This acquisition brings new resources to the development of our low-cost and low-emission GranMorgu project. Exploration & Production at TotalEnergies. “It also proves how TotalEnergies will leverage GranMorgu infrastructure to develop profitably additional resources and extend its production plateau, strengthening the position of the Company in the offshore of Suriname," Javier Rielo, TotalEnergies Senior Vice President Americas, Exploration & Production.