Dutch floater expert SBM Offshore has been awarded contracts for the GranMorgu field development project in Block 58 off Suriname by TotalEnergies.
Under these contracts, the company – in partnership with French-based engineering company Technip Energies – will 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.
According to SBM Offshore, the company is expected to operate the unit under an operations and maintenance agreement.
The GranMorgu project is the first development within Block 58, circa 150 km offshore Suriname. TotalEnergies is the operator holding a 50% interest in the block alongside APA Corporation. Surinamese oil firm Staatsolie has announced it would 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 500mcfpd. The FPSO will be spread-moored in a water depth of about 400 m and can store around 2m barrels of crude oil. First oil is expected in 2028.
The 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.
“By entering Suriname, we are delivering on our strategy to advance our core and pioneer more,” said Øivind Tangen, CEO of SBM Offshore.
