APA and TotalEnergies’ offshore Suriname GranMorgu development is estimated to hold recoverable reserves of more than 750 million barrels. (Source: Shutterstock)
Subsidiaries of APA Corp. and TotalEnergies have reached a final investment decision (FID) for first oil development in Block 58 offshore Suriname. Total investment for the “GranMorgu” project comes in at $10.5 billion, and first oil from the 50-50 joint venture is anticipated in 2028, according to the companies’ Oct. 1 news releases.
GranMorgu means both “new dawn” and “Goliath grouper” in Sranan Tongo, the local dialect. It will develop the Sapakara and Krabdagu oil discoveries, which were appraised in 2023. The fields hold recoverable reserves estimated at more than 750 MMbbl, TotalEnergies said.
The project includes a 220,000 bbl/d floating production, storage and offloading (FPSO) unit, and is designed to accommodate future tie-backs, which could extend its four-year production plateau, the companies said.
TotalEnergies is the operator on Block 58 with a 50% interest alongside APA Suriname 58 Corp.’s 50%. Staatsolie, Suriname’s national oil company, has a 20% interest option to enter the development project following FID.
RELATED
Suriname’s Staatsolie Hopeful of APA, TotalEnergies Offshore 2024 FID
Offshore Suriname neighbors Guyana, where Exxon is challenging Chevron’s $53 billion merger with Hess Corp. to take control of Hess’ 30% stake in the Stabroek Block, a prolific offshore reservoir 120 miles offshore Guyana. The merger won approval from the U.S. Federal Trade Commission on Sept. 30.
Recommended Reading
FERC Closes Out ’24 with Rulings to Boost LNG Supply
2025-01-06 - A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
2025-01-22 - Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
2024-12-19 - Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
Intensity Infrastructure Partners Pitches Open Season for Bakken NatGas Egress
2025-02-04 - Analysts note the Bakken Shale’s need for more takeaway capacity as Intensity Infrastructure Partners launches an open season for a potential 126-mile natural gas transport line out of the basin.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.