The GranMorgu project is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator holding a 50 percent interest in Block 58 alongside APA Corporation. Staatsolie has announced its intent to exercise its option to enter the development project with up to 20% interest.
The FPSO will be the first large deepwater project development in Suriname, with an expected production capacity of up to 220,000 barrels of oil per day and an associated gas treatment capacity of up to 500 million cubic feet per day. The FPSO will be spread-moored in a water depth of about 400 meters and will be able to store around two million barrels of crude oil. The first oil is expected in 2028.
Thanks to the joint expertise of Technip Energies and SBM Offshore, this all-electric drive FPSO will also be designed to eliminate routine flaring, in line with TotalEnergies objectives and SBM Offshore’s goal to deliver carbon-efficient units.
Øivind Tangen, CEO of SBM Offshore, commented: “Extending our Fast4Ward® value proposition to TotalEnergies supports our client’s fast-track development strategy for Block 58. This award demonstrates the strength of SBM’s cost-effective and low-emission deepwater offering and calls on our proven track record in time-to-market. By entering Suriname, we are delivering on our strategy to advance our core and pioneer more. The award also highlights our partnership capabilities. On this, I express my appreciation to TotalEnergies for this award and to the team at Technip Energies, who share our commitment to making this project a success. Together, we’ll de-risk project execution and accelerate time to first oil.”
