TotalEnergies has renamed Suriname’s Sapakara South – Krabdagu field to Gran Morgu.
According to Upstream Online, TotalEnergies’ Chief Executive Patrick Pouyanne revealed the name switch as part of a request from Suriname’s state oil company Staatsolie.
TotalEnergies and APA Corporation are leading the US$9 billion development targeting the now Gran Morgu field, estimated to hold around 700 million barrels of oil. The reservoir is situated at water depths ranging from 100 to 1,000 meters.
Staatsolie said the development of the first offshore production field will see the drilling of around 30 wells over 2.5 years. The development proposal is being crafted, with a review expected in 2024, and first oil in 2028.
Staatsolie has announced plans to issue bonds in 2025 as part of its strategy to finance participation in the first offshore oil production field in Block 58. The company is entitled to a maximum 20% stake in the project under the production sharing contract.
