TotalEnergies holds a 50% stake in Block 58, leading the project with APA Corporation, while Staatsolie is eyeing a 20% stake. Credit: James Jones Jr/Shutterstock.

Technip Energies, TechnipFMC, SBM Offshore and Saipem have secured contracts for the GranMorgu field development in Block 58, offshore Suriname.

This project marks the first development within Block 58, located approximately 150km offshore.

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The contracts were awarded by TotalEnergies and are valued at more than $3bn, reported Reuters.

TotalEnergies holds a 50% interest in Block 58, and leads the project alongside APA. Staatsolie recently announced plans to exercise its option to enter the project with up to a 20% stake.

SBM Offshore, in collaboration with Technip Energies, will construct and install an FPSO vessel for the project.

The FPSO will be Suriname’s first large deep-water project, with a production capacity of up to 220,000 barrels of oil per day and a gas treatment capacity of up to 500 million cubic feet per day.

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It will be moored in water depths of around 400m and capable of storing around two million barrels of crude oil.

Technip Energies chief business officer Marco Villa said: “We are delighted to have been chosen by TotalEnergies, together with our partner SBM Offshore, for the GranMorgu FPSO project in Suriname. By utilising our modularisation expertise, we will design the topsides of this all-electric drive FPSO and oversee the fabrication process in collaboration with our partner.

“This award highlights Technip Energies’ established capability to incorporate technologies that reduce greenhouse gas emissions in any type of industrial installation.”

TechnipFMC’s scope includes the engineering, procurement, construction and installation (EPCI) of the subsea tree systems, manifolds, connectors and topside control equipment.

Saipem is responsible for the EPCI of the subsea umbilicals, risers and flowlines package under a $1.9bn (£1.5bn) deal.

The first oil production from the GranMorgu field development is due in 2028.