PROJECT PROFILE · FPSO

GranMorgu

The first large-scale offshore oil development in Suriname's Block 58

Under Construction

Project Overview

GranMorgu is Suriname’s first offshore oil development. It will develop the Sapakara and Krabdagu discoveries in Block 58, approximately 150 km offshore in water depths of about 100 to 1,100 metres. TotalEnergies operates the development with a 40% interest; APA holds 40% and Staatsolie 20%. FID was taken in October 2024. Recoverable resources are estimated at close to 760 million barrels, total investment is approximately US$10.5 billion, and first oil is targeted for 2028.

Ownership and Development Basis

Participant Interest Project Responsibility
TotalEnergies 40% Operator of Block 58 and GranMorgu, coordinating FPSO, subsea and drilling interfaces
APA Corporation 40% Project partner
Staatsolie 20% Suriname’s national oil company and project partner

FPSO and Construction Organization

The GranMorgu FPSO uses SBM Offshore’s eighth standardized Fast4Ward MPF hull. Technip Energies and SBM Offshore are jointly responsible for construction and installation. The hull is approximately 322 metres long and 60 metres wide, with design oil capacity of 220,000 bpd and storage of about two million barrels. The facility uses an all-electric-drive configuration, eliminates routine flaring and reinjects all associated gas.

Execution Area Principal Party Scope Verified Milestone
Overall FPSO and topsides Technip Energies / SBM Offshore Joint construction and installation; topsides engineering, design, modularization and fabrication oversight Awarded in Nov 2024
Module fabrication BOMESC FPSO topsides modules First steel cut on 20 May 2025
Hull conversion China Merchants Industry Fast4Ward MPF hull conversion, inspection and structural work Started 26 May 2025; entered dry dock in Apr 2026
Modules and integration COSCO Shipping Topsides modules followed by integration of the converted hull First steel cut on 6 Jun 2025
Operational readiness and O&M SBM Offshore Pre-first-oil readiness and at least two years of O&M after first oil, with extension options Contract signed in Jun 2025

Subsea, Drilling and Completions

Contractor Contract Boundary Principal Scope
TechnipFMC Subsea-system iEPCI Subsea 2.0 trees, manifolds, connectors, topside control equipment, umbilicals, flexible jumpers and flexible risers
Saipem SURF EPCI Approximately 100 km of production flowlines, 90 km of water- and gas-injection lines, transportation, installation, pre-commissioning and start-up support
Halliburton Integrated drilling and completions Long-term well construction, drilling and completions, digital and automated execution, and local capability development in Suriname

Key Milestones

  1. Final investment decision

    The development moved into full execution with first oil targeted for 2028.

  2. Major engineering contracts awarded

    The FPSO, subsea-system iEPCI and SURF EPCI scopes entered execution.

  3. Construction started at three Chinese yards

    First steel was cut for the Tianjin modules, Nantong hull conversion and Qidong modules.

  4. Hull entered dry dock in Nantong

    Critical inspections and structural work started; the primary source specifies the month only.

  5. Drilling and completions contract announced

    Halliburton received the long-term integrated well-construction scope.

  6. Target first oil

    Offshore installation, commissioning and start-up preparations are progressing toward the current target.

Principal Sources

TotalEnergies FID announcement; Technip Energies first-steel update; Technip Energies dry-dock update; TechnipFMC iEPCI award; Saipem SURF EPCI award; Halliburton drilling and completions award.

Participants and roles

Key participants and their project roles.

  • Operator

    TotalEnergies operates Block 58 and the GranMorgu development with a 40% interest, coordinating the FPSO, drilling and completions, and subsea production scopes.

    Scope
    Ownership and governance
    Relationship start
    1 Oct 2024
  • EPCI contractor

    Technip Energies and SBM Offshore form the consortium responsible for construction and installation of the GranMorgu FPSO. Technip Energies focuses on topsides engineering, design and modularization, while jointly overseeing fabrication with its partner.

    Scope
    Offshore facilities and operations
    Relationship start
    14 Nov 2024
  • Netherlands

    SBM Offshore
    EPCI contractor

    SBM Offshore and Technip Energies are jointly responsible for construction and installation of the GranMorgu FPSO, which uses SBM Offshore's eighth Fast4Ward MPF hull.

    Scope
    Offshore facilities and operations
    Relationship start
    14 Nov 2024
    Shipowner / lessor

    SBM Offshore provides operational readiness before first oil and at least two years of operations and maintenance after first oil, with extension options.

    Scope
    Offshore facilities and operations
    Relationship start
    19 Jun 2025
  • China

    BOMESC
    Topsides builder

    Fabrication of topsides modules for the GranMorgu FPSO.

    Scope
    Offshore facilities and operations
  • EPCI contractor

    Saipem is responsible for the SURF EPCI scope, including approximately 100 km of production flowlines, 90 km of water- and gas-injection lines, flexible risers, umbilicals and associated structures, together with transportation, installation, pre-commissioning and start-up support.

    Scope
    Offshore facilities and operations
    Relationship start
    14 Nov 2024