PARIS/PARAMARIBO, Sept 30 - French oil major

TotalEnergies will sign a final investment decision

(FID) on Tuesday for a more than $10 billion offshore oil and

gas development in Suriname, the country's first, said four

sources with knowledge of the project.

Located in Block 58 about 140 km off the coast of the South

American country, the Gran Morgu field has estimated recoverable

resources amounting to 700 million barrels of oil equivalent

adjacent to ExxonMobil's ( XOM ) massive 11 billion barrel find

in neighbouring oil hotspot Guyana.

Last week Annand Jagesar, the CEO of Suriname's state-owned

energy company and market regulator Staatsolie, told Reuters the

FID would come at the beginning of the fourth quarter of 2024.

TotalEnergies Chief Executive Patrick Pouyanne will fly to

Suriname for the FID before travelling to New York for the

company's investor day on Wednesday, added the sources, who

declined to be identified because the details had not been made

public.

Jagesar also said last week that it was "highly likely"

Staatsolie would succeed in raising the funds needed to exercise

its option to buy a 20% stake in the project, which is currently

split 50-50 between operator TotalEnergies and the Texas-based

APA Corporation ( APA ).

Staatsolie and APA did not immediately respond to requests

for comment outside business hours.