Monday, July 27, 2026
Apache Corporation and Total S.A. Announce 50-50 Joint Venture in Block 58 Offshore Suriname; Total to Become Future Operator - oilandgas360

Apache Corporation and Total S.A. Announce 50-50 joint venture in Block 58 Offshore Suriname; Total to become future operator

Apache Corporation Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a joint venture agreement to explore and develop Block 58 offshore Suriname. Apache will receive various forms of consideration, including: $5 billion of cash carry on Apache’s first $7.5 billion of appraisal and development capital Under the terms of the agreement, Apache and Total will each hold a 50 percent working