SBM Offshore awarded contracts for the GranMorgu field development
SBM Offshore has been awarded contracts for the GranMorgu field development project in Suriname's Block 58 by TotalEnergies. In partnership with Technip Energies, SBM Offshore will construct and install a Floating Production, Storage and Offloading vessel (FPSO) with a production capacity of 220,000 barrels of oil per day and gas treatment capacity of 500 million cubic feet per day. The FPSO will be deployed in 400 meters water depth, capable of storing 2 million barrels of crude oil. The all-electric drive vessel is designed to eliminate routine flaring, with first oil expected in 2028.
SBM Offshore ha ricevuto contratti per il progetto di sviluppo del campo GranMorgu nel Blocco 58 in Suriname da TotalEnergies. In collaborazione con Technip Energies, SBM Offshore costruirà e installerà una nave di produzione, stoccaggio e scarico galleggiante (FPSO) con una capacità di produzione di 220.000 barili di petrolio al giorno e una capacità di trattamento del gas di 500 milioni di piedi cubi al giorno. L'FPSO sarà posizionata a una profondità di 400 metri, con la capacità di stoccare 2 milioni di barili di petrolio greggio. La nave a drive completamente elettrico è progettata per eliminare le sfiammate di routine, con il primo petrolio previsto nel 2028.
SBM Offshore ha sido adjudicada con contratos para el proyecto de desarrollo del campo GranMorgu en el Bloque 58 de Surinam por TotalEnergies. En asociación con Technip Energies, SBM Offshore construirá e instalará un buque de producción, almacenamiento y descarga flotante (FPSO) con una capacidad de producción de 220,000 barriles de petróleo por día y una capacidad de tratamiento de gas de 500 millones de pies cúbicos por día. El FPSO se instalará en una profundidad de 400 metros, con capacidad para almacenar 2 millones de barriles de petróleo crudo. El buque de propulsión totalmente eléctrica está diseñado para eliminar la quema rutinaria, con el primer petróleo esperado en 2028.
SBM Offshore는 TotalEnergies로부터 수리남의 58구역에서 GranMorgu 유전 개발 프로젝트에 대한 계약을 체결했습니다. Technip Energies와 협력하여 SBM Offshore는 하루 22만 배럴의 원유를 생산할 수 있는 플로팅 생산, 저장 및 하역(FPSO) 선박을 건설하고 설치합니다. 이 FPSO는 수심 400미터에 배치되며, 200만 배럴의 원유를 저장할 수 있습니다. 완전 전기 구동 선박은 정기적인 가연물 소각을 없애고, 첫 오일은 2028년에 공급될 예정입니다.
SBM Offshore a obtenu des contrats pour le projet de développement du champ GranMorgu dans le bloc 58 du Suriname par TotalEnergies. En partenariat avec Technip Energies, SBM Offshore construira et installera un navire flottant de production, de stockage et de déchargement (FPSO) avec une capacité de production de 220 000 barils de pétrole par jour et une capacité de traitement de gaz de 500 millions de pieds cubes par jour. Le FPSO sera déployé à une profondeur d'eau de 400 mètres, capable de stocker 2 millions de barils de pétrole brut. Ce navire à propulsion entièrement électrique est conçu pour éliminer les torchages routiniers, avec une première production de pétrole prévue pour 2028.
SBM Offshore wurde von TotalEnergies mit Verträgen für das GranMorgu-Feldentwicklungsprojekt im Block 58 in Suriname beauftragt. In Partnerschaft mit Technip Energies wird SBM Offshore ein schwimmendes Produktions-, Speicher- und Entladefahrzeug (FPSO) mit einer Produktionskapazität von 220.000 Barrel Öl pro Tag und einer Gasbehandlungsfähigkeit von 500 Millionen Kubikfuß pro Tag bauen und installieren. Das FPSO wird in einer Wassertiefe von 400 Metern eingesetzt und kann 2 Millionen Barrel Rohöl speichern. Das voll elektrische Antriebsschiff ist so konzipiert, dass es routinemäßiges Abfackeln vermeidet, wobei das erste Öl für 2028 erwartet wird.
- Secured major FPSO contract for GranMorgu field development
- Large production capacity of 220,000 barrels of oil per day
- Long-term operations and maintenance agreement included
- Strategic entry into new market (Suriname)
- Partnership with Technip Energies reducing execution risk
- Long wait for revenue generation (first oil in 2028)
- Significant capital investment required for construction
Amsterdam, November 14, 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). 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
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.
Thanks to the joint expertise of Technip Energies and SBM Offshore, this all-electric drive FPSO will also be designed to eliminate routine flaring, in line with TotalEnergies objectives and SBM Offshore’s goal to deliver carbon efficient units.
Øivind Tangen, CEO of SBM Offshore commented:
“Extending our Fast4Ward® value proposition to TotalEnergies supports our client’s fast-track development strategy for Block 58. This award demonstrates the strength of SBM’s cost-effective and low emission deepwater offering and calls on our proven track record in time-to-market. By entering Suriname, we are delivering on our strategy to advance our core and pioneer more. The award also highlights our partnerships capabilities. On this, I express my appreciation to TotalEnergies for this award and to the team at Technip Energies who share our commitment in making this project a success. Together, we’ll de-risk project execution and accelerate time to first oil.”
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Full Year 2024 Earnings | February 20 | 2025 | |
| Annual General Meeting | April 9 | 2025 | |
| First Quarter 2025 Trading Update | May 15 | 2025 | |
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| E-mail: | wouter.holties@sbmoffshore.com |
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Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impact, Risk and Opportunity Management’ section of the 2023 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
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FAQ
What is the production capacity of SBM Offshore's (SBFFF) new FPSO for the GranMorgu field?
When is the expected first oil production for SBM Offshore's (SBFFF) GranMorgu FPSO?
What is the storage capacity of SBM Offshore's (SBFFF) new FPSO for GranMorgu?
Who are the partners in the GranMorgu field development with SBM Offshore (SBFFF)?
