HOUSTON, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname.
As previously announced, Kwaskwasi-1 discovered hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals. The well encountered 278 meters (912 feet) of net oil and volatile oil/gas condensate pay. The shallower Campanian interval contains 63 meters (207 feet) of net oil pay and 86 meters (282 feet) of net volatile oil/gas condensate pay. The Santonian interval contains 129 meters (423 feet) of net pay. Fluid samples from the Campanian validated the presence of oil with API gravities between 34 and 43 degrees.
Since the discovery announcement on July 29, 2020, the Noble Sam Croft drillship has gathered reservoir and other technical data in the Santonian. The company was able to successfully retrieve rotary sidewall cores but was unable to collect representative fluid samples from the reservoir due to conditions caused by cementing operations, which were required to mitigate increased pressure below the base of the Santonian formation. Hydrocarbon shows were observed in the Santonian reservoirs, and the results of the formation evaluation indicate the presence of oil.
The Noble Sam Croft has commenced operations at the Keskesi East-1 exploration well approximately 14 kilometers (9 miles) southeast of Sapakara West-1. The Keskesi well will test upper Cretaceous targets in the Campanian and Santonian.
Apache holds a 50% working interest in Block 58 and will continue to be the operator through the completion of the Keskesi well. Total S.A. holds the remaining 50% working interest.
[Suriname] Block 58 - GranMorgu FPSO
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Re: [Suriname] Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname
Suriname
In Suriname, Apache has a leading position in arguably the most watched new basin on the globe.
Apache entered Suriname after winning bids for Block 53 and Block 58 offshore in 2012 and 2015, respectively.
In the years since, the company expanded its understanding of the basin through extensive geologic modeling and seismic acquisition. In 2019, Apache began drilling the Maka Central-1 well in Block 58 and subsequently brought in Total S.A. as a 50-50 Joint Venture partner to explore and develop the block. The partners announced a discovery at Maka Central-1 in January 2020, followed by additional discoveries later in the year.
Block 58 comprises 1.4 million acres. Apache also owns a 45% interest in Block 53, which covers 867,000 acres.
In Suriname, Apache has a leading position in arguably the most watched new basin on the globe.
Apache entered Suriname after winning bids for Block 53 and Block 58 offshore in 2012 and 2015, respectively.
In the years since, the company expanded its understanding of the basin through extensive geologic modeling and seismic acquisition. In 2019, Apache began drilling the Maka Central-1 well in Block 58 and subsequently brought in Total S.A. as a 50-50 Joint Venture partner to explore and develop the block. The partners announced a discovery at Maka Central-1 in January 2020, followed by additional discoveries later in the year.
Block 58 comprises 1.4 million acres. Apache also owns a 45% interest in Block 53, which covers 867,000 acres.
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Re: [Suriname] Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname
TOTAL, NEW OPERATOR OF BLOCK 58 OFFSHORE SURINAME, ANNOUNCES A FOURTH DISCOVERY
Paris, January 14, 2021 – Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
The well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay of hydrocarbons, comprised of 58 meters net black oil, volatile oil, and gas pay in good quality Campano-Maastrichtian reservoirs, along with 5 meters of net volatile oil pay in Santonian reservoirs, where wireline logging has just been performed. Drilling is still ongoing for deeper Neocomian aged targets.
“We are delighted to announce this new discovery, which confirms this first exploration campaign as a full success and adds to the proven resource base” said Kevin McLachlan, Senior Vice President Exploration at Total. “We are also excited, as new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific block in 2021.”
Total assumed operatorship of Block 58 on January 1st, 2021, with a 50% working interest. Upon completion of the operations on Keskesi East-1, the Noble Sam Croft drillship will be released.
Paris, January 14, 2021 – Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
The well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay of hydrocarbons, comprised of 58 meters net black oil, volatile oil, and gas pay in good quality Campano-Maastrichtian reservoirs, along with 5 meters of net volatile oil pay in Santonian reservoirs, where wireline logging has just been performed. Drilling is still ongoing for deeper Neocomian aged targets.
“We are delighted to announce this new discovery, which confirms this first exploration campaign as a full success and adds to the proven resource base” said Kevin McLachlan, Senior Vice President Exploration at Total. “We are also excited, as new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific block in 2021.”
Total assumed operatorship of Block 58 on January 1st, 2021, with a 50% working interest. Upon completion of the operations on Keskesi East-1, the Noble Sam Croft drillship will be released.
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[Suriname] Block 58 Maka
Total, new operator of Block 58 offshore Suriname, announces a fourth discovery
Paris, January 14, 2021 – Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
The well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay of hydrocarbons, comprised of 58 meters net black oil, volatile oil, and gas pay in good quality Campano-Maastrichtian reservoirs, along with 5 meters of net volatile oil pay in Santonian reservoirs, where wireline logging has just been performed. Drilling is still ongoing for deeper Neocomian aged targets.
“We are delighted to announce this new discovery, which confirms this first exploration campaign as a full success and adds to the proven resource base” said Kevin McLachlan, Senior Vice President Exploration at Total. “We are also excited, as new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific block in 2021.”
Total assumed operatorship of Block 58 on January 1st, 2021, with a 50% working interest. Upon completion of the operations on Keskesi East-1, the Noble Sam Croft drillship will be released.
Paris, January 14, 2021 – Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
The well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay of hydrocarbons, comprised of 58 meters net black oil, volatile oil, and gas pay in good quality Campano-Maastrichtian reservoirs, along with 5 meters of net volatile oil pay in Santonian reservoirs, where wireline logging has just been performed. Drilling is still ongoing for deeper Neocomian aged targets.
“We are delighted to announce this new discovery, which confirms this first exploration campaign as a full success and adds to the proven resource base” said Kevin McLachlan, Senior Vice President Exploration at Total. “We are also excited, as new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific block in 2021.”
Total assumed operatorship of Block 58 on January 1st, 2021, with a 50% working interest. Upon completion of the operations on Keskesi East-1, the Noble Sam Croft drillship will be released.
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Re: [Suriname] Block 58
Yinson awarded pre-FEED contracts by Total for FPSO projects in Angola and Suriname
Posted Date: 09 Jun, 2021
Yinson has been selected by Total to perform preliminary Front-End Engineering Design (“pre-FEED”) for two FPSO projects to be installed in the Block 20/21 in Angola and Block 58 in Suriname. The Angola project will be installed at around 1400m, located 160km from Luanda, while the Suriname project will be installed at around 2000m, located 150km from Paramaribo.
The topside design will be performed by Technip Energies, a key partner with Yinson for the pre-FEED.
The pre-FEED will provide Total with technical and commercial lease and operate proposals, including solutions to reduce emissions, within 32 weeks from the agreement date. Yinson’s Oslo office will be executing the pre-FEED for a fee agreed by both parties.
Yinson’s CEO of Offshore Production, Flemming Grønnegaard, said that the pre-FEED awards were Yinson’s first projects with Total, and believed they marked the start of a fruitful, long-term working relationship between the two parties.
“The pre-FEED is expected to create greater value for the projects by concentrating on the optimising of the design and execution strategy,” said Flemming.
“We are indeed thrilled with this opportunity to demonstrate our strong technical and operational capabilities to Total, one of the world’s leading energy players. We are currently building an FPSO for the Campos Basin in South America and have been operating in the African region since 1995. We hope that we will be able to further contribute to production of energy in these regions through these projects, and many more to come.”
Posted Date: 09 Jun, 2021
Yinson has been selected by Total to perform preliminary Front-End Engineering Design (“pre-FEED”) for two FPSO projects to be installed in the Block 20/21 in Angola and Block 58 in Suriname. The Angola project will be installed at around 1400m, located 160km from Luanda, while the Suriname project will be installed at around 2000m, located 150km from Paramaribo.
The topside design will be performed by Technip Energies, a key partner with Yinson for the pre-FEED.
The pre-FEED will provide Total with technical and commercial lease and operate proposals, including solutions to reduce emissions, within 32 weeks from the agreement date. Yinson’s Oslo office will be executing the pre-FEED for a fee agreed by both parties.
Yinson’s CEO of Offshore Production, Flemming Grønnegaard, said that the pre-FEED awards were Yinson’s first projects with Total, and believed they marked the start of a fruitful, long-term working relationship between the two parties.
“The pre-FEED is expected to create greater value for the projects by concentrating on the optimising of the design and execution strategy,” said Flemming.
“We are indeed thrilled with this opportunity to demonstrate our strong technical and operational capabilities to Total, one of the world’s leading energy players. We are currently building an FPSO for the Campos Basin in South America and have been operating in the African region since 1995. We hope that we will be able to further contribute to production of energy in these regions through these projects, and many more to come.”
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Re: [Suriname] APA Corporation Provides Update on Keskesi East-1 Discovery Well in Block 58 Offshore Suriname; Drillship
HOUSTON, March 09, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today updated the operational status of the Keskesi East-1 discovery well offshore Suriname.
As announced on Jan. 14, 2021, Keskesi East-1 discovered oil, volatile oil and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged targets. As drilling progressed, the well encountered substantial pressure increases that APA and Total determined could ultimately exceed the capabilities of the wellbore design and pressure control equipment. Consequently, the partners decided to conclude drilling operations at Keskesi before reaching the Neocomian targets. Information gathered from this well will be used to design a wellbore and drilling program that will ensure a safe test of the deep Neocomian targets in future exploration and/or appraisal operations.
The additional drilling at the Keskesi East-1 well encountered hydrocarbons in the Lower Cretaceous interval and a carbonate depositional system above the top Neocomian target, both of which help to validate the partners’ geologic models. While encouraging, this data does not reveal specific information about the Neocomian targets themselves.
With the completion of operations at Keskesi East-1, the Noble Sam Croft drillship will be released as planned. Pursuant to the terms of its joint venture agreement, APA transferred operatorship of Block 58 to Total S.A. on Jan. 1, 2021. APA holds a 50% working interest in Block 58 and Total holds the remaining 50% working interest.
As announced on Jan. 14, 2021, Keskesi East-1 discovered oil, volatile oil and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged targets. As drilling progressed, the well encountered substantial pressure increases that APA and Total determined could ultimately exceed the capabilities of the wellbore design and pressure control equipment. Consequently, the partners decided to conclude drilling operations at Keskesi before reaching the Neocomian targets. Information gathered from this well will be used to design a wellbore and drilling program that will ensure a safe test of the deep Neocomian targets in future exploration and/or appraisal operations.
The additional drilling at the Keskesi East-1 well encountered hydrocarbons in the Lower Cretaceous interval and a carbonate depositional system above the top Neocomian target, both of which help to validate the partners’ geologic models. While encouraging, this data does not reveal specific information about the Neocomian targets themselves.
With the completion of operations at Keskesi East-1, the Noble Sam Croft drillship will be released as planned. Pursuant to the terms of its joint venture agreement, APA transferred operatorship of Block 58 to Total S.A. on Jan. 1, 2021. APA holds a 50% working interest in Block 58 and Total holds the remaining 50% working interest.
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Re: [Suriname] Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname
Paris, July 29, 2021 – TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi.
Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara South encountered 30 meters net pay of oil, in a good quality Campano-Maastrichtian reservoir.
“We are pleased by this new successful well at Sapakara South-1, very similar to the one announced in Keskesi earlier this year. These repeated positive results confirm our strategy which targets large resource volumes at low development costs.” declared Kevin McLachlan, Senior Vice President Exploration at TotalEnergies. “As the operator of the prolific block 58, this encourages us to continue our effort, jointly with our partner, to add to the resource base while conducting the appraisal operations designed to prove a commercial oil development.”
The drilling operations will continue with the Maersk Valiant drillship. TotalEnergies is the operator, holding a 50% working interest and Apache holding a 50% working interest. Upon completion of the Sapakara South -1 well, the rig will move to drill the Bonboni – 1 well in Block 58.
Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara South encountered 30 meters net pay of oil, in a good quality Campano-Maastrichtian reservoir.
“We are pleased by this new successful well at Sapakara South-1, very similar to the one announced in Keskesi earlier this year. These repeated positive results confirm our strategy which targets large resource volumes at low development costs.” declared Kevin McLachlan, Senior Vice President Exploration at TotalEnergies. “As the operator of the prolific block 58, this encourages us to continue our effort, jointly with our partner, to add to the resource base while conducting the appraisal operations designed to prove a commercial oil development.”
The drilling operations will continue with the Maersk Valiant drillship. TotalEnergies is the operator, holding a 50% working interest and Apache holding a 50% working interest. Upon completion of the Sapakara South -1 well, the rig will move to drill the Bonboni – 1 well in Block 58.
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Re: [Suriname] Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname
Suriname: TotalEnergies announces another significant discovery in Block 58
Paris, February 21, 2022 – TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well.
Located 18 kilometers south-east of Sapakara South, Krabdagu-1 was drilled at a water depth of 780 meters and encountered approximately 90 meters of net oil pay in good quality Maastrichtian and Campanian reservoirs.
“This successful exploration well at Krabdagu-1 is a significant addition to the discovered resources in the central area of Block 58. This result encourages us to continue our exploration and appraisal strategy of this prolific Block 58 in order to identify sufficient resources by year end 2022 for a first oil development” said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies.
Drilling and logging operations will continue, using the Maersk Valiant drillship. DST operations will be carried out on Krabdagu-1 to appraise the resources and productivity, and at least three further exploration and appraisal wells are planned to be drilled in 2022 on the block.
TotalEnergies is the operator of Block 58, with a 50% working interest, while APA Corporation holds the remaining 50%.
Paris, February 21, 2022 – TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well.
Located 18 kilometers south-east of Sapakara South, Krabdagu-1 was drilled at a water depth of 780 meters and encountered approximately 90 meters of net oil pay in good quality Maastrichtian and Campanian reservoirs.
“This successful exploration well at Krabdagu-1 is a significant addition to the discovered resources in the central area of Block 58. This result encourages us to continue our exploration and appraisal strategy of this prolific Block 58 in order to identify sufficient resources by year end 2022 for a first oil development” said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies.
Drilling and logging operations will continue, using the Maersk Valiant drillship. DST operations will be carried out on Krabdagu-1 to appraise the resources and productivity, and at least three further exploration and appraisal wells are planned to be drilled in 2022 on the block.
TotalEnergies is the operator of Block 58, with a 50% working interest, while APA Corporation holds the remaining 50%.
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[Suriname] APA Corporation Announces Oil Discovery at Krabdagu Exploration Well Offshore Suriname
HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), the operator, holding a 50% working interest.
KBD-1 was drilled with the Maersk Valiant to an approximate depth of 5,273 meters (17,300 feet). The well was designed to test multiple stacked targets in Maastrichtian and Campanian intervals and encountered approximately 90 meters (295 feet) of net oil pay in good quality reservoirs.
“We are very pleased with the Krabdagu exploration well, which confirms our geologic and geophysical models and de-risks additional prospects we have matured in the area,” said Tracey Henderson, SVP, Exploration.
“The promising discovery at Krabdagu is another important step toward achieving our first FID in Block 58 offshore Suriname, and we look forward to continuing our exploration and appraisal programs,” said John J. Christmann IV, APA’s CEO and president.
While the rig is on location, TotalEnergies will progress with drill stem and other wellbore testing to assess the resource potential and productivity of two primary reservoirs.
KBD-1 was drilled with the Maersk Valiant to an approximate depth of 5,273 meters (17,300 feet). The well was designed to test multiple stacked targets in Maastrichtian and Campanian intervals and encountered approximately 90 meters (295 feet) of net oil pay in good quality reservoirs.
“We are very pleased with the Krabdagu exploration well, which confirms our geologic and geophysical models and de-risks additional prospects we have matured in the area,” said Tracey Henderson, SVP, Exploration.
“The promising discovery at Krabdagu is another important step toward achieving our first FID in Block 58 offshore Suriname, and we look forward to continuing our exploration and appraisal programs,” said John J. Christmann IV, APA’s CEO and president.
While the rig is on location, TotalEnergies will progress with drill stem and other wellbore testing to assess the resource potential and productivity of two primary reservoirs.
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Re: [Suriname] APA Corporation Announces Oil Discovery at Krabdagu Exploration Well Offshore Suriname
Suriname: TotalEnergies announces an oil project of 200,000 b/d in Block 58 and launches development studies with the objective of sanctioning the project end 2024
Paris, September 13, 2023 – On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project in Block 58, offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA Corporation (50%).
Appraisal of the two main oil discoveries, Sapakara South and Krabdagu, was successfully completed in August 2023, with the drilling and testing of three wells, and confirmed combined recoverable resources close to 700 million barrels for the two fields. These reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO (Floating Production, Storage and Offloading unit) located 150 km off the Suriname coast, with an oil production capacity of 200,000 barrels per day. The project will represent an investment of approximatively $9 billion.
The detailed engineering studies (FEED) will start by end 2023 and the Final Investment Decision is expected by end 2024 with a first production target in 2028.
TotalEnergies is committed to the authorities of Suriname to develop this project in a responsible manner, both by ensuring benefits in terms of job creation and economic activities for Suriname and by using the best available technologies to minimize greenhouse gas emissions. In particular, the facilities will be designed for zero flaring, with the associated gas entirely reinjected into the reservoirs. During the upcoming development and production phases, TotalEnergies will continue working closely with the national oil company Staatsolie to reinforce the actions in favor of local content. These actions have already allowed the training of more than 80 people for logistic base operations in Paramaribo during the exploration and appraisal phases.
“The Block 58 development studies that we are launching today are a major step towards the development of the petroleum resources of Suriname. This development is in line with TotalEnergies’ strategy aiming at the development of low cost, low emissions oil resources, and leverages on our Company’s expertise in deep water projects. We will thus contribute to improving the well-being of the people of Suriname”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Suriname is going through a challenging economic period. This announcement provides the much-needed outlook towards positive developments for our nation. We are confident that the Surinamese people will benefit from the economic spin-off that will be generated in the next phases. Local entrepreneurs will have to seize the opportunities to provide their services and goods. We will make sure that future income from the offshore oil and gas will be spent wisely. Those incomes will contribute to the prosperity and stability fund, and will be a means to diversify our economy by developing sustainable sectors such as agriculture and tourism” said His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname.
“Our company was set-up to find, develop and produce oil in the Offshore. It took huge efforts, great patience and excellent partners to come to this long-awaited moment. We see the momentum, increased understanding of the basin, and diligent execution as key elements for further unlocking the Block 58 and Suriname basin potential in a responsible way”, said Annand Jagesar, CEO of Staatsolie.
About TotalEnergies in Suriname
TotalEnergies is present in Suriname since 2019 in Block 58 where five significant discoveries have been made and is also exploring Blocks 6 and 8 since 2023.
Paris, September 13, 2023 – On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project in Block 58, offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA Corporation (50%).
Appraisal of the two main oil discoveries, Sapakara South and Krabdagu, was successfully completed in August 2023, with the drilling and testing of three wells, and confirmed combined recoverable resources close to 700 million barrels for the two fields. These reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO (Floating Production, Storage and Offloading unit) located 150 km off the Suriname coast, with an oil production capacity of 200,000 barrels per day. The project will represent an investment of approximatively $9 billion.
The detailed engineering studies (FEED) will start by end 2023 and the Final Investment Decision is expected by end 2024 with a first production target in 2028.
TotalEnergies is committed to the authorities of Suriname to develop this project in a responsible manner, both by ensuring benefits in terms of job creation and economic activities for Suriname and by using the best available technologies to minimize greenhouse gas emissions. In particular, the facilities will be designed for zero flaring, with the associated gas entirely reinjected into the reservoirs. During the upcoming development and production phases, TotalEnergies will continue working closely with the national oil company Staatsolie to reinforce the actions in favor of local content. These actions have already allowed the training of more than 80 people for logistic base operations in Paramaribo during the exploration and appraisal phases.
“The Block 58 development studies that we are launching today are a major step towards the development of the petroleum resources of Suriname. This development is in line with TotalEnergies’ strategy aiming at the development of low cost, low emissions oil resources, and leverages on our Company’s expertise in deep water projects. We will thus contribute to improving the well-being of the people of Suriname”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Suriname is going through a challenging economic period. This announcement provides the much-needed outlook towards positive developments for our nation. We are confident that the Surinamese people will benefit from the economic spin-off that will be generated in the next phases. Local entrepreneurs will have to seize the opportunities to provide their services and goods. We will make sure that future income from the offshore oil and gas will be spent wisely. Those incomes will contribute to the prosperity and stability fund, and will be a means to diversify our economy by developing sustainable sectors such as agriculture and tourism” said His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname.
“Our company was set-up to find, develop and produce oil in the Offshore. It took huge efforts, great patience and excellent partners to come to this long-awaited moment. We see the momentum, increased understanding of the basin, and diligent execution as key elements for further unlocking the Block 58 and Suriname basin potential in a responsible way”, said Annand Jagesar, CEO of Staatsolie.
About TotalEnergies in Suriname
TotalEnergies is present in Suriname since 2019 in Block 58 where five significant discoveries have been made and is also exploring Blocks 6 and 8 since 2023.
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Re: [Suriname] Block 58
TotalEnergies Starts Pre-design for Development Block 58 Oil Field
13 September 2023
TotalEnergies has announced the start of pre-design studies for the development of the first production field in Block 58 in offshore Surinamese. A final investment decision (FID) is expected in the fourth quarter of 2024. The development of the first oil field will cost a total of approximately US$9 billion.
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, visited Suriname today to inform President Chandrikapersad Santokhi and the Board of Executive Directors of Staatsolie about the further steps in Block 58. The announcement of the pre-design phase follows a meeting between Pouyanné and President Santokhi and Annand Jagesar, Managing Director of Staatsolie Maatschappij Suriname N.V.
TotalEnergies, the operator, has a partnership with APA Corporation in Block 58, each with a fifty percent interest. Together they have drilled fourteen wells in this block. The last well, Krabdagu-3, closed the delineation program in August this year. That program involved the evaluation of the two main oil discoveries in Block 58, Sapakara South and Krabdagu, and confirmed reserves of approximately 700 million barrels in both discoveries combined. This volume is sufficient for a combined development of the two fields. In the pre-design phase (pre-Front End Engineering Design, pre-FEED), the selected concept of the project is further developed. At the end of 2023 - after completion of the pre-FEED - the Front End Engineering Design will start, during which the pre-design will be refined into a basic design. The FID is expected in the fourth quarter of 2024. The development of the fields will be entirely focused on oil. In total, approximately US$ 9 billion will be invested.
The concept for the development of the production field is based on a floating production and storage facility (FPSO) with a production capacity of 200,000 barrels of oil per day, connected to a subsea network at a water depth of one hundred to one thousand meters. The design will aim for a minimal environmental footprint through low greenhouse gas emissions.
After the FID, the subsea installations will be constructed, the FPSO will be built, and production wells will be drilled. At FID it will be indicated when the first oil will be produced, expected in 2028.
Managing Director Annand Jagesar welcomes Pouyanné's visit. He said TotalEnergies has always proven itself to be a reliable and respectful partner. The visit is the result of a commitment by Pouyanné to visit Suriname as soon as TotalEnergies had identified sufficient volumes for the development of a production field. “Based on the current situation, it is only a matter of time before revenues will come from the offshore oil and gas industry. Staatsolie remains committed to further developing this industry and is committed to securing Suriname’s long-term prosperity. We expect that future income from the offshore will be well spent, including by contributing to the prosperity and stability fund and developing sustainable sectors such as agriculture and tourism.”
Patrick Pouyanné is looking forward to achieving great heights together with Staatsolie and Suriname. He noted that the announcement of the preliminary studies is an important step for the joint development of Suriname's natural resources.
Staatsolie has the option to participate with a maximum of twenty percent in the development of the first field in Block 58. As stated in the production sharing contract, the state of Suriname will receive the largest share of the net income from the offshore. This will come from royalties, profit oil and taxes and is expected to amount to between US$ 16 and US$ 26 billion over the lifespan of approximately twenty years of the production field and depends on the oil price. In addition to the direct contributions to the state treasury included in the contract, there will also be indirect income from the provision of local goods and services (local content). During the drilling of the last five wells in Block 58, all operational activities took place from Suriname. Approximately US$ 90 million has flowed into the Surinamese economy due to, among other things, the purchase of local labor, goods and services. To develop the first offshore production field, approximately thirty wells will have to be drilled over 2.5 years. This will have a huge spin-off for the Surinamese economy.
13 September 2023
TotalEnergies has announced the start of pre-design studies for the development of the first production field in Block 58 in offshore Surinamese. A final investment decision (FID) is expected in the fourth quarter of 2024. The development of the first oil field will cost a total of approximately US$9 billion.
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, visited Suriname today to inform President Chandrikapersad Santokhi and the Board of Executive Directors of Staatsolie about the further steps in Block 58. The announcement of the pre-design phase follows a meeting between Pouyanné and President Santokhi and Annand Jagesar, Managing Director of Staatsolie Maatschappij Suriname N.V.
TotalEnergies, the operator, has a partnership with APA Corporation in Block 58, each with a fifty percent interest. Together they have drilled fourteen wells in this block. The last well, Krabdagu-3, closed the delineation program in August this year. That program involved the evaluation of the two main oil discoveries in Block 58, Sapakara South and Krabdagu, and confirmed reserves of approximately 700 million barrels in both discoveries combined. This volume is sufficient for a combined development of the two fields. In the pre-design phase (pre-Front End Engineering Design, pre-FEED), the selected concept of the project is further developed. At the end of 2023 - after completion of the pre-FEED - the Front End Engineering Design will start, during which the pre-design will be refined into a basic design. The FID is expected in the fourth quarter of 2024. The development of the fields will be entirely focused on oil. In total, approximately US$ 9 billion will be invested.
The concept for the development of the production field is based on a floating production and storage facility (FPSO) with a production capacity of 200,000 barrels of oil per day, connected to a subsea network at a water depth of one hundred to one thousand meters. The design will aim for a minimal environmental footprint through low greenhouse gas emissions.
After the FID, the subsea installations will be constructed, the FPSO will be built, and production wells will be drilled. At FID it will be indicated when the first oil will be produced, expected in 2028.
Managing Director Annand Jagesar welcomes Pouyanné's visit. He said TotalEnergies has always proven itself to be a reliable and respectful partner. The visit is the result of a commitment by Pouyanné to visit Suriname as soon as TotalEnergies had identified sufficient volumes for the development of a production field. “Based on the current situation, it is only a matter of time before revenues will come from the offshore oil and gas industry. Staatsolie remains committed to further developing this industry and is committed to securing Suriname’s long-term prosperity. We expect that future income from the offshore will be well spent, including by contributing to the prosperity and stability fund and developing sustainable sectors such as agriculture and tourism.”
Patrick Pouyanné is looking forward to achieving great heights together with Staatsolie and Suriname. He noted that the announcement of the preliminary studies is an important step for the joint development of Suriname's natural resources.
Staatsolie has the option to participate with a maximum of twenty percent in the development of the first field in Block 58. As stated in the production sharing contract, the state of Suriname will receive the largest share of the net income from the offshore. This will come from royalties, profit oil and taxes and is expected to amount to between US$ 16 and US$ 26 billion over the lifespan of approximately twenty years of the production field and depends on the oil price. In addition to the direct contributions to the state treasury included in the contract, there will also be indirect income from the provision of local goods and services (local content). During the drilling of the last five wells in Block 58, all operational activities took place from Suriname. Approximately US$ 90 million has flowed into the Surinamese economy due to, among other things, the purchase of local labor, goods and services. To develop the first offshore production field, approximately thirty wells will have to be drilled over 2.5 years. This will have a huge spin-off for the Surinamese economy.
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escveritas
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Re: [Suriname] Block 58
Progress towards Final Investment Decision Block 58
05 June 2024
Good progress is being made by TotalEnergies, APA Corporation and Staatsolie towards a final investment decision for Block 58 in the Surinamese maritime area. The FID is expected in the fourth quarter of 2024 and start of the production is expected for 2028.
During the Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS), Javier Rielo, Senior Vice President Americas, Exploration & Production of TotalEnergies, and Annand Jagesar, General Manager of Staatsolie Maatschappij Suriname N.V., announced important steps taken towards the FID for the development of a production field in Block 58. TotalEnergies (the operator) and APA Corporation each have an investment of fifty percent in Block 58. Staatsolie has the option to partake in the investment in the production field with a maximum of twenty percent after the FID.
Staatsolie and TotalEnergies have agreed on the size of the area to be developed, and aim to maximize value for Suriname and the Block 58 partners over a production period of 25 years. In addition, the hull for the floating production and storage platform with a capacity of 200,000 barrels of oil per day has been secured.
The preliminary design studies for the development of the Sapakara and Krabdagu fields are progressing. These fields have a combined reserve of more than 700 million barrels of oil. The fields will be constructed and produced using the latest techniques and methods. An advanced seismic survey will start in the second half of this year to map out where the production wells can best be placed to produce as optimally as possible. The seismic survey will cover 900 square kilometers.
TotalEnergies will also work closely with Staatsolie during the development and production phase to attract as many local goods and services as possible, as was also done in the exploration and evaluation phase.
The next milestone is the FID and all parties are committed to achieving a steady development of Block 58. Staatsolie is pleased to be carrying out this project with an international partner with a good reputation. Additionally the safe and environmentally friendly execution of the project is also essential. It is important that Suriname benefits optimally from the cash flows and it is therefore time for all stakeholders in Suriname to commit to a clear plan to manage future resources in such a way that a bright future is created for the entire Surinamese population.
05 June 2024
Good progress is being made by TotalEnergies, APA Corporation and Staatsolie towards a final investment decision for Block 58 in the Surinamese maritime area. The FID is expected in the fourth quarter of 2024 and start of the production is expected for 2028.
During the Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS), Javier Rielo, Senior Vice President Americas, Exploration & Production of TotalEnergies, and Annand Jagesar, General Manager of Staatsolie Maatschappij Suriname N.V., announced important steps taken towards the FID for the development of a production field in Block 58. TotalEnergies (the operator) and APA Corporation each have an investment of fifty percent in Block 58. Staatsolie has the option to partake in the investment in the production field with a maximum of twenty percent after the FID.
Staatsolie and TotalEnergies have agreed on the size of the area to be developed, and aim to maximize value for Suriname and the Block 58 partners over a production period of 25 years. In addition, the hull for the floating production and storage platform with a capacity of 200,000 barrels of oil per day has been secured.
The preliminary design studies for the development of the Sapakara and Krabdagu fields are progressing. These fields have a combined reserve of more than 700 million barrels of oil. The fields will be constructed and produced using the latest techniques and methods. An advanced seismic survey will start in the second half of this year to map out where the production wells can best be placed to produce as optimally as possible. The seismic survey will cover 900 square kilometers.
TotalEnergies will also work closely with Staatsolie during the development and production phase to attract as many local goods and services as possible, as was also done in the exploration and evaluation phase.
The next milestone is the FID and all parties are committed to achieving a steady development of Block 58. Staatsolie is pleased to be carrying out this project with an international partner with a good reputation. Additionally the safe and environmentally friendly execution of the project is also essential. It is important that Suriname benefits optimally from the cash flows and it is therefore time for all stakeholders in Suriname to commit to a clear plan to manage future resources in such a way that a bright future is created for the entire Surinamese population.
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escveritas
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Re: [Suriname] Block 58
TotalEnergies and APA Corporation announces Final Investment Decision for the GranMorgu development on Block 58
Paramaribo, October 1, 2024 – Patrick Pouyanné, Chairman and CEO of TotalEnergies, met today in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company, to announce the Final Investment Decision (FID) for the “GranMorgu” development located on offshore Block 58.
“GranMorgu” means both “new dawn” and “Goliath grouper” in Sranan Tongo, thelocal language.
A landmark project in a prolific basin
The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries, on which a successful exploration and appraisal campaign was completed in 2023. The fields are located 150 km off the coast of Suriname and hold recoverable reserves estimated at over 750 million barrels.
The project includes a 220,000 barrels of oil per day Floating Production Storage and Offloading (FPSO) unit, that replicates a proven and efficient design. Total investment is estimated at around $10.5 billion and first oil is expected in 2028. The GranMorgu FPSO is designed to accommodate future tie-back opportunities that would extend its production plateau.
TotalEnergies is the operator of Block 58 with a 50% interest, alongside APA Corporation (50%). Staatsolie has announced its intent to exercise its option to enter the development project with up to 20% interest. Partners agreed that Staatsolie will contribute to the project from FID and will finalise its interest before June 2025.
Leveraging best-in-class technologies to minimize GHG emissions
GranMorgu leverages technology to minimize greenhouse gas emissions, with a scope 1 and 2 emissions intensity below 16 kg CO2e/boe thanks in particular to:
Significant investments will be made in local content and job creation and will contribute to the development of the Surinamese economy. Paramaribo will serve as the primary hub for administrative, support and logistic activities. Local companies will be involved in logistics, well services, as well as the installation and operations of the subsea systems and the FPSO. Overall local content is estimated to be more than 1 B$ and more than 6000 jobs (2000 direct and 4000 indirect and induced) are expected to be created in Suriname.
Alongside the FID announcement, TotalEnergies and its partner APA signed a Memorandum of Understanding with the Health Ministry to support the rehabilitation of two mother and child hospitals in Paramaribo.
“I am very pleased to launch today the GranMorgu project alongside our partners Staatsolie and APA and I sincerely thank the State of Suriname for its strong support. Building on TotalEnergies’ pioneering spirit, this landmark project marks the first offshore development in the country and capitalizes on our extensive expertise in deep offshore innovation. Launched only a year after the end of appraisal, GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and low emission oil projects," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. "We look forward to continuing our fruitful collaboration with Staatsolie to deliver a transformative project for Suriname’s economy.”
“Suriname and its people welcome and appreciate the final investment decision of Total Energies and APA Corporation regarding Block 58 with Staatsolie Suriname NV. We consider this a historic and milestone occasion, creating significant opportunities and revenue prospects for Suriname, as well as attracting investors worldwide”, said His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname. “This important decision will boost our domestic capabilities and investments and have a major impact on local content opportunities. Suriname is committed to a strong and loyal partnership and expects that the offshore oil and gas development will take off in compliance with environmentally regulations and standard.”
“The FID is a historic milestone in Suriname's oil and gas industry. What seemed like a distant dream is becoming a reality. This will be the largest investment ever in our country. Deliberations with TotalEnergies were always constructive and we thank them for the cooperation to arrive at this moment. This project will yield significant income for Suriname and needs to lead to better living standards for every citizen of Suriname. We are convinced, based on the measures taken and the track record of TotalEnergies, that the GranMorgu project will have a worldclass operational and environmental performance. Staatsolie congratulates the Surinamese society with this special moment”, said Annand Jagesar, CEO of Staatsolie.
Paramaribo, October 1, 2024 – Patrick Pouyanné, Chairman and CEO of TotalEnergies, met today in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company, to announce the Final Investment Decision (FID) for the “GranMorgu” development located on offshore Block 58.
“GranMorgu” means both “new dawn” and “Goliath grouper” in Sranan Tongo, thelocal language.
A landmark project in a prolific basin
The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries, on which a successful exploration and appraisal campaign was completed in 2023. The fields are located 150 km off the coast of Suriname and hold recoverable reserves estimated at over 750 million barrels.
The project includes a 220,000 barrels of oil per day Floating Production Storage and Offloading (FPSO) unit, that replicates a proven and efficient design. Total investment is estimated at around $10.5 billion and first oil is expected in 2028. The GranMorgu FPSO is designed to accommodate future tie-back opportunities that would extend its production plateau.
TotalEnergies is the operator of Block 58 with a 50% interest, alongside APA Corporation (50%). Staatsolie has announced its intent to exercise its option to enter the development project with up to 20% interest. Partners agreed that Staatsolie will contribute to the project from FID and will finalise its interest before June 2025.
Leveraging best-in-class technologies to minimize GHG emissions
GranMorgu leverages technology to minimize greenhouse gas emissions, with a scope 1 and 2 emissions intensity below 16 kg CO2e/boe thanks in particular to:
- an all-electric FPSO configuration, with zero routine flaring and full reinjection of associated gas into the reservoirs;
- an optimized power usage with a Waste Heat Recovery Unit and optimized water cooling for improved efficiency;
- the installation of a permanent methane detection and monitoring system relying on a network of sensors.
Significant investments will be made in local content and job creation and will contribute to the development of the Surinamese economy. Paramaribo will serve as the primary hub for administrative, support and logistic activities. Local companies will be involved in logistics, well services, as well as the installation and operations of the subsea systems and the FPSO. Overall local content is estimated to be more than 1 B$ and more than 6000 jobs (2000 direct and 4000 indirect and induced) are expected to be created in Suriname.
Alongside the FID announcement, TotalEnergies and its partner APA signed a Memorandum of Understanding with the Health Ministry to support the rehabilitation of two mother and child hospitals in Paramaribo.
“I am very pleased to launch today the GranMorgu project alongside our partners Staatsolie and APA and I sincerely thank the State of Suriname for its strong support. Building on TotalEnergies’ pioneering spirit, this landmark project marks the first offshore development in the country and capitalizes on our extensive expertise in deep offshore innovation. Launched only a year after the end of appraisal, GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and low emission oil projects," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. "We look forward to continuing our fruitful collaboration with Staatsolie to deliver a transformative project for Suriname’s economy.”
“Suriname and its people welcome and appreciate the final investment decision of Total Energies and APA Corporation regarding Block 58 with Staatsolie Suriname NV. We consider this a historic and milestone occasion, creating significant opportunities and revenue prospects for Suriname, as well as attracting investors worldwide”, said His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname. “This important decision will boost our domestic capabilities and investments and have a major impact on local content opportunities. Suriname is committed to a strong and loyal partnership and expects that the offshore oil and gas development will take off in compliance with environmentally regulations and standard.”
“The FID is a historic milestone in Suriname's oil and gas industry. What seemed like a distant dream is becoming a reality. This will be the largest investment ever in our country. Deliberations with TotalEnergies were always constructive and we thank them for the cooperation to arrive at this moment. This project will yield significant income for Suriname and needs to lead to better living standards for every citizen of Suriname. We are convinced, based on the measures taken and the track record of TotalEnergies, that the GranMorgu project will have a worldclass operational and environmental performance. Staatsolie congratulates the Surinamese society with this special moment”, said Annand Jagesar, CEO of Staatsolie.
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Re: [Suriname] Block 58
TotalEnergies has awarderd SBM Offshore the GranMorgu FPSO project, offshore Suriname
15 November 2024
SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install a Floating Production, Storage and Offloading vessel (FPSO).
In a separate press release, Technip Energies announced that the company was awarded the Topsides FEED for the FPSO.
The company further added on that the project will be designed to minimize greenhouse gas emissions. It will include an all-electric drive FPSO configuration, with zero routine flaring and full reinjection of associated gas into the reservoirs. 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.
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 GranMorgu project is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator holding a 50 percent 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.
15 November 2024
SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. Under these contracts, SBM Offshore will, in partnership with Technip Energies, construct and install a Floating Production, Storage and Offloading vessel (FPSO).
In a separate press release, Technip Energies announced that the company was awarded the Topsides FEED for the FPSO.
The company further added on that the project will be designed to minimize greenhouse gas emissions. It will include an all-electric drive FPSO configuration, with zero routine flaring and full reinjection of associated gas into the reservoirs. 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.
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 GranMorgu project is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator holding a 50 percent 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.
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Re: [Suriname] Block 58 - GranMorgu FPSO
Saipem awarded GranMorgu's SURF Package by TotalEnergies offshore Suriname
Milan (Italy), November 14, 2024 – Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B.V., a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. The contract is worth 1.9 billion USD.
The full project, expected to last 5 years with a First Oil in 2028, represents the first major subsea development in Suriname, and it is aimed at expanding the production of the block central area through a system of subsea wells connected to a Floating Production, Storage and Offloading (FPSO) vessel.
Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of the Subsea Umbilicals, Risers and Flowlines (SURF) package. This includes the EPCI of approximately 100 km of 10” to 12” subsea production flowlines, 90 km of 8” to 12” water and gas injection lines, and the T&I of flexible risers, umbilicals and associated structures, at water depths ranging from 100 to 1,100 meters. For the offshore campaign, taking place in 2027 and 2028, Saipem will deploy a combination of S-Lay and J-Lay vessels, providing the optimal pipeline installation solution.
Moreover, Saipem will execute the project in cooperation with TechnipFMC, the company in charge of the Subsea Production System (SPS) and flexible risers and umbilical equipment packages, to optimize the integration between the mutual scopes of work, thus demonstrating the successful collaborative model of the commercial alliance created by the two companies in 2021 for the pursuit of subsea projects including integrated SURF-SPS developments.
This important contract in Suriname, with its long-term commitment, contributes to the overall fleet booking until 2028. Moreover, it consolidates Saipem’s presence in South America and reinforces the company’s track record in the development of complex subsea projects.
Milan (Italy), November 14, 2024 – Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B.V., a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. The contract is worth 1.9 billion USD.
The full project, expected to last 5 years with a First Oil in 2028, represents the first major subsea development in Suriname, and it is aimed at expanding the production of the block central area through a system of subsea wells connected to a Floating Production, Storage and Offloading (FPSO) vessel.
Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of the Subsea Umbilicals, Risers and Flowlines (SURF) package. This includes the EPCI of approximately 100 km of 10” to 12” subsea production flowlines, 90 km of 8” to 12” water and gas injection lines, and the T&I of flexible risers, umbilicals and associated structures, at water depths ranging from 100 to 1,100 meters. For the offshore campaign, taking place in 2027 and 2028, Saipem will deploy a combination of S-Lay and J-Lay vessels, providing the optimal pipeline installation solution.
Moreover, Saipem will execute the project in cooperation with TechnipFMC, the company in charge of the Subsea Production System (SPS) and flexible risers and umbilical equipment packages, to optimize the integration between the mutual scopes of work, thus demonstrating the successful collaborative model of the commercial alliance created by the two companies in 2021 for the pursuit of subsea projects including integrated SURF-SPS developments.
This important contract in Suriname, with its long-term commitment, contributes to the overall fleet booking until 2028. Moreover, it consolidates Saipem’s presence in South America and reinforces the company’s track record in the development of complex subsea projects.
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