Radar · Projects to watch · 06 / 29
GranMorgu (Block 58) FPSO development
Suriname's first large offshore oil development (US$12.2 bn): FPSO construction, ~190 km of subsea lines and an installation campaign running out of Paramaribo through 2027–2028.
Deepwater FPSO · Suriname (Americas) · every fact below is as reported by the linked sources, checked by hand on 2026-10-08.
- Size
- 220,000 b/d FPSO; ~190 km subsea lines; first oil mid-2028
- Operator / developer
- TotalEnergies EP Suriname
- Phase, as reported
- FPSO construction (SBM: >50%-<75% complete at H1 2026; Fast4Ward hull launched out of second dry dock, topsides fabrication continuing) and subsea installation campaign started June 2026
- Checked on
- 2026-10-08
Phase track steps named in the reported phase are marked
- FID
- Engineering
- Fabrication
- Construction
- Installation
- Commissioning
Who builds it as stated by the sources
- TotalEnergies — operator; partners APA Corporation and Staatsolie (40/40/20 per Ocean Energy Resources, June 2026)
- SBM Offshore — construction and installation of the FPSO in partnership with Technip Energies, plus operations and maintenance after deployment (Nov 2024)
- Technip Energies — FPSO EPC partner of SBM Offshore (per SBM Offshore release)
- TechnipFMC — integrated EPCI (iEPCI) for subsea systems — Subsea 2.0 trees, manifolds, connectors, topside controls, umbilicals, flexible jumpers and flexible risers
- Saipem — EPCI of the SURF package (~US$1.9 bn): ~100 km production flowlines, ~90 km injection lines, T&I of flexible risers, umbilicals and structures; offshore operations started June 2026 from Paramaribo with MCV Normand Navigator
Reported risk as reported, as of 2026-10-08
No schedule slippage reported. Staatsolie's 20% stake (est. US$2.4 bn) is funded through a US$1.6 bn bank loan from 18 lenders (signed 14 May 2025) plus own cash, cash flow and March 2025 bond proceeds; about half of the ~US$12 bn capex had been spent by September 2026.
Key dates as stated by the sources
- FID
- 2024-10-01
- Main contract awards
- 2024-11-14
- Saipem offshore operations start
- 2026-06-24
- First oil target
- mid-2028
Disciplines likely needed our inference
- FPSO topsides and hull engineers
- SURF/pipeline installation engineers
- subsea controls and commissioning
- marine base logistics and HSE
- FPSO operations and maintenance staff
Our inference from project kind and phase — not stated by the sources below.
Sources checked on 2026-10-08
- SBM Offshore awarded contracts for the GranMorgu field developmentSBM Offshore (company newsroom) · published 2024-11-14 · retrieved 2026-09-22
- TotalEnergies awards FPSO, subsea contracts for GranMorgu project offshore SurinameOffshore Magazine · published 2024-11-14 · retrieved 2026-09-22
- Saipem starts operations GranMorgu project in SurinameOcean Energy Resources · published 2026-06-24 · retrieved 2026-09-22
- SBM Offshore's Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shapeOffshore Energy · published 2025-05-12 · retrieved 2026-09-22
- SBM Offshore Half Year 2026 EarningsSBM Offshore (company newsroom / half-year report PDF) · published 2026-08-06 · retrieved 2026-10-08
- TotalEnergies' offshore project in Suriname on track for first output in mid-2028Pipeline & Gas Journal · published 2026-09-20 · retrieved 2026-10-08
- Staatsolie and the GranMorgu Project backed by broad (inter)national confidenceStaatsolie (company newsroom) · published 2025-05-14 · retrieved 2026-10-08
- Suriname offshore oil and gas momentum builds as GranMorgu advancesWorld Oil · published 2026-08-13 · retrieved 2026-10-08
Position on our globe: 7.30°N 55.60°W. Location approximate: Block 58, ~150 km offshore Suriname; FPSO in ~400 m water depth, subsea scope in 100–1,100 m.