TotalEnergies takes FID for Suriname’s GranMorgu development on Block 58
TotalEnergies will sanction GranMorgu on Block 58, marking the first FID taken offshore Suriname.
The GranMorgu project will develop the 2023 Sapakara and Krabdagu oil discoveries. 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 (boe/d) Floating Production Storage and Offloading (FPSO) unit. 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 with 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 finalize its interest before June 2025.
“GranMorgu” means both “new dawn” and “Goliath grouper” in Sranan Tongo, the local language.
