SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58.
Under these contracts, the duo will construct and install an all-electric drive floating production, storage and offloading (FPSO) vessel. The award follows completion of front-end engineering and design studies, and the final investment decision on the project by the joint venture operated by TotalEnergies EP Suriname B.V.
SBM Offshore is expected to operate the unit under an operations and maintenance agreement.
The Gran Morgu project is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator holding a 50% interest in Block 58, alongside APA Corporation. Staatsolie has announced its intent to 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 500 million cubic feet per day. The FPSO will be spread moored in water depth of about 400 meters and will be able to store around 2 million barrels of crude oil. First oil is expected in 2028.
SBM Offshore said the FPSO will be designed to eliminate routine flaring, in line with TotalEnergies objectives and SBM Offshore’s goal to deliver carbon efficient units. Technip Energies said there will be an optimized power usage with waste heat recovery units and optimized water cooling for improved efficiency. A permanent methane detection and monitoring system will be installed relying on a network of sensors.
Marco Villa, Chief Business Officer of Technip Energies commented: “By utilizing our modularization expertise, we will design the topsides of this all-electric drive FPSO and oversee the fabrication process in collaboration with our partner.”
Øivind Tangen, CEO of SBM Offshore commented: “Extending our Fast4Ward® value proposition to TotalEnergies supports our client’s fast-track development strategy for Block 58. This award demonstrates the strength of SBM’s cost-effective and low emission deepwater offering and calls on our proven track record in time-to-market.”
According to Technip Energies, the contract award exceeds €1 billion. This assignment represents the first for SBM Offshore on the Suriname side of the basin, after being assigned to deliver six FPSOs for ExxonMobil in Guyana.
