TotalEnergies to sign $10B deal on Suriname offshore project, Reuters reports

TotalEnergies (TTE) will sign a final investment decision, or FID, on Tuesday for a more than $10B offshore oil and gas development in Suriname, which will be the country’s first, four sources with knowledge of the project told Reuters’ America Hernandez and Ank Kuipers. The Gran Morgu field has estimated recoverable resources amounting to 700M barrels of oil equivalent and is adjacent to Exxon Mobil’s (XOM) massive 11B barrel find in neighboring Guyana, the report noted.