SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

(offshore-energy.biz) France’s energy giant TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project.

Following a final investment decision (FID) for the 12.2-billion GranMorgu offshore oil field in Block 58, located around 150 kilometers off Suriname’s coast, operated by TotalEnergies (50%) with APA Corporation (50%) as its partner, inroads have been made in bringing this project to life, with the offshore oil field development now at approximately 13%.

According to Suriname’s national oil company (NOC), Staatsolie Maatschappij Suriname (Staatsolie), which embarked on a mission to get the money required to cover its part of the development costs and join the project earlier this year, the FPSO vessel for GranMorgu is under construction, with progress currently at 27%.

With the first oil expected in 2028, the company explains that production and injection wells will be drilled, subsea installations and pipelines will be laid, and modules will be installed on the FPSO in the coming years.

Read full article: https://www.offshore-energy.biz/sbm-offshores-suriname-bound-fpso-for-totalenergies-12-2b-oil-project-starts-taking-shape/