TotalEnergies Awards Contracts for GranMorgu Project Offshore Suriname

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--TotalEnergies SE (NYSE:TTE) (Courbevoie, France) moves forward with developing Suriname's first major offshore asset, which is expected to come online by 2028.

TotalEnergies awarded Saipem SpA (Milan, Italy) a US$1.9 billion contract for the subsea development of the GranMorgu project in Block 58 offshore Suriname. The project is expected to produce its first oil by 2028, representing Suriname's first major offshore development.

Saipem will be in charge of the processes related to the commissioning and startup of the subsea umbilicals, risers and flowlines (SURF) package, according to the company statement.

Meanwhile, Technip Energies (Nanterre, France), in a joint venture with SBM Offshore (Netherlands), was awarded the construction of GranMorgu's floating, storage and offloading vessel (FPSO). The contract awarded to Technip Energies is above the US$1 billion mark.

The 220,000-barrel-per-day-capacity FPSO to be developed by Technip Energies and SBM Offshore will contain an all-electric drive configuration, with zero routine flaring and full reinjection of associated gas into the reservoirs, based on the company statement.

Marco Villa, chief business officer of Technip Energies, said, "We are delighted to have been chosen by TotalEnergies, together with our partner SBM Offshore, for the GranMorgu FPSO project in Suriname. By utilizing our modularization expertise, we will design the topsides of this all-electric drive FPSO and oversee the fabrication process in collaboration with our partner. This award highlights Technip Energies' established capability to incorporate technologies that reduce greenhouse gas emissions in any type of industrial installation."

The GranMorgu project will develop the Sapakraand and Krabdagu oil discoveries, located 150 kilometers off Suriname's coast, which hold recoverable reserves estimated above 750 million barrels and require investments of around US$10.5 billion.

Block 58 is owned by a joint venture between TotalEnergies (50%) and APA Corporation (NASDAQ:APA) (Houston, Texas) (50%).

Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here to read the GranMorgu project report.

The discoveries of Sapakraand and Krabdagu and the development of GranMorgu have pushed other companies to search for oil in Suriname in the hopes of finding resources similar to those in neighboring Guyana.

An example of that is Petronas (Kuala Lumpur, Malaysia), who earlier this year announced its third hydrocarbon discovery offshore Suriname in Block 52. Petronas co-owns the asset with ExxonMobil (NYSE:XOM) (Spring, Texas) (50%), which developed several projects in Guyana. Petronas operates another two offshore blocks in Suriname and has stakes in a fourth one.

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