Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install an FPSO vessel. The award follows completion of front-end engineering and design (FEED) studies, and the final investment decision on the project by the Joint Venture operated by TotalEnergies EP Suriname B.V. SBM Offshore is expected to operate the unit under an operations and maintenance agreement.
The GranMorgu project is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator holding a 50% 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 bopd and associated gas treatment capacity of up to 500 million cu. ft. per day. The FPSO will be spread moored in water depth of about 400 meters and will be able to store around 2 million barrels of crude oil. First oil is expected in 2028.
By combining the 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.
“Extending our Fast4Ward® value proposition to TotalEnergies supports our client’s fast-track development strategy for Block 58,” commented Øivind Tangen, CEO of SBM Offshore. “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 partnerships capabilities. On this, I express my appreciation to TotalEnergies for this award and to the team at Technip Energies who share our commitment in making this project a success. Together, we’ll de-risk project execution and accelerate time to first oil.”
