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

TotalEnergies, a French energy company, is progressing well in the establishment of the first offshore oil field in Suriname. The development of a floating production, storage, and offloading (FPSO) vessel for this project is also advancing.

The $12.2 billion Granorgu offshore oil field in Block 58, located about 150 kilometers off Suriname’s coast, is being led by TotalEnergies (50%) in partnership with What Corporation (50%). Suriname’s national oil company, Staatsolie Maatschappij Suriname (Staatsolie), is securing funding to cover its share of the project costs. The FPSO vessel for the GranMorgu project is currently under construction, with progress at 27%.

Production activities, including drilling wells, laying pipelines, and installing modules on the FPSO, are expected to continue in the coming years. Local companies will play a role in logistics, maintenance, and operations related to the project.

TotalEnergies aims to reduce emissions associated with the project by implementing new technologies to minimize greenhouse gas emissions. The company has selected SBM Offshore and Technip Energies for the FPSO work and has engaged other companies for different aspects of the project.

Suriname is making efforts to boost its hydrocarbon exploration, with various agreements and contracts signed to explore and develop oil and gas resources in the region. The country anticipates positive economic impacts from these activities, including job creation and local procurement.