Fossil Energy – Suriname
SBM Offshore has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname.
Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install a Floating Production, Storage and Offloading vessel (FPSO).
The award follows completion of front-end engineering and design studies, and the final investment decision on the project by the Joint Venture operated by TotalEnergies EP Suriname.
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 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 associated gas treatment capacity of up to 500 million cubic feet 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.
