SBM Offshore’s Fast4Ward hull reserved by TotalEnergies for Suriname’s first oil development

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TotalEnergies has reserved SBM Offshore’s Fast4Ward® hull for its first development offshore Suriname.

SBM Offshore made the announcement on Thursday.

“SBM Offshore is pleased to announce that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, a Fast4Ward® hull for the Block 58 development project has been reserved by TotalEnergies,” an SBM Offshore release said.

SBM Offshore was pre-selected as the preferred bidder over competitor Japan’s MODEC in May. TotalEnergies is targeting a Tesla-like FPSO for Suriname.

TotalEnergies’ FPSO would be producing 200,000 barrels per day from the Sapakara South and Krabdagu discoveries in Suriname’s Block 58. Both are said to hold 700 million barrels of oil.

TotalEnergies, APA drilled 14 wells in block 58 before hitting jackpot with Sapakara South, Krabdagu – Staasolie 

The project has a price tag of US$9 billion.

TotalEnergies is targeting first oil by 2028. A final investment decision is expected by the end of this year.

Two more potential Suriname developments could follow TotalEnergies’ Block 58 lead

TotalEnergies is the operator of Block 58 with a 50% stake. Its partner APA Corporation holds the remaining 50%.

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