Dutch floater expert SBM Offshore has signed an operations and maintenance contract with French energy major TotalEnergies for the GranMorgu FPSO set to operate offshore Suriname
The contract was signed with TotalEnergies EP Suriname, a subsidiary of TotalEnergies. The unit will be a part of the field development project located in offshore Block 58.
The operations and maintenance contract encompasses the operation readiness phase preceding first oil, as well as the provision of operations and maintenance services for a minimum period of two years following first oil, with optional extension periods.
“This contract reinforces SBM Offshore’s long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname,” the company said in a statement.
The GranMorgu project is located 150 km off the coast of Suriname and is the first oil and gas development off the country’s shores.
TotalEnergies ordered the GranMorgu FPSO from SBM Offshore back in November last year. Under the deal, the company, in partnership with Technip Energies, will construct the FPSO. The award followed the completion of FEED studies and the final investment decision on the project.
The French firm also awarded billions in deals to Saipem and TechnipFMC for work on the project. In total, the two companies won contracts worth $2.9bn.
In May this year, Staatsolie arranged a $1.6bn loan with a group of 18 international, regional and local banks and financial institutions to partly finance its 20% participation in the project.
