Suriname
Suriname’s GranMorgu oil project has reached 50% completion, with half of its planned spending already incurred, according to TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanné.
First oil remains on schedule for 2028.
Pouyanné outlined the progress during his September 19, 2026, visit to the Kuldipsingh Port Facility with Suriname President Jennifer Geerlings-Simons. His comments were captured in a video published on LinkedIn on September 30.
The visit focused on preparations for the Block 58 development and opportunities for local workers and businesses.
“Today…it’s a milestone that we are achieving 50% of the project completed and we already spent half of the money,” Pouyanné said.
The facility has received the project’s first major subsea production equipment. This includes equipment used to control oil and gas flowing from wells on the seabed. Drilling and offshore installation activities are scheduled to begin in early 2027.
TotalEnergies said construction of the floating production, storage and offloading vessel is progressing. Subsea systems, risers, and flowlines are also being manufactured following the October 2024 final investment decision.
GranMorgu will develop the Sapakara and Krabdagu fields, approximately 150 kilometers off Suriname’s coast. Its production vessel will have a capacity of 220,000 b/d.
Pouyanné said the logistics base had expanded from 45,000 square meters to 200,000 square meters. It employs 225 workers, 99% of whom are from Suriname.
Across the wider project, he reported 700 direct jobs against an objective of 2,000. He said a main purpose of his visit was to assess whether commitments to local participation were translating into employment and business activity.
“The best way to share prosperity with Suriname people is to create local jobs,” Pouyanné said.
As activity increases at the base and offshore, Pouyanné identified continued workforce training as essential to safe operations. “Continuing to train people to make them more competent, that’s the best way to make even a sustainable project,” he added.
TotalEnergies also plans to drill four additional exploration wells in Block 58 during 2027 and 2028. Pouyanné said the decision followed seismic work using new technologies to assess the block’s remaining potential.
The production vessel is designed to connect additional fields in the future. Pouyanné said successful exploration could extend GranMorgu’s producing life from 20 or 25 years to around 40 years.
