- The transaction is a further step in Moeve’s Positive Motion strategy to transform into a leading European provider of green molecules this decade

Moeve has sold to TotalEnergies the entire share capital of CEPSA Suriname S.L., an affiliate of Moeve which holds a 25% interest in Block 53, offshore Suriname. As a result, TotalEnergies will join APA (45%, operator) and Petronas (30%) as a partner in the license.

The divestment follows the sale of Moeve’s E&P assets in Colombia and Peru in 2024 and in Abu Dhabi in 2023, in line with the Company’s 2030 Positive Motion strategy to transform this decade into a company that generates more than 50% of its EBITDA from sustainable activities such as green hydrogen, green hydrogen derivatives and second-generation biofuels. Moeve has sold 70% of its oil production portfolio since 2022.

About Moeve

We are a leading international company committed to sustainable mobility and energy with strong technical expertise.

Mubadala Investment Company Group and The Carlyle Group are our shareholders and we have almost 90 years of experience. This has helped us to be one of the leading energy companies in Spain and to develop our businesses across five continents.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.