TotalEnergies, APA Greenlight $10.5 Billion Suriname Oil Project.

TotalEnergies SE and APA Corp. have approved a $10.5 billion project to develop the first oil discoveries off Suriname, with production expected to start in 2028. The GranMorgu project will include a floating production unit and is estimated to have recoverable reserves of over 750 million barrels. Suriname, a sparsely populated nation, is hoping that the project will transform its economy. The project is expected to create over 6,000 jobs and generate more than $1 billion in local content. [Extracted from the article]