( AFP / ASTRID VELLGUTH )
TechnipFMC and Saipem, French and Italian oil engineering groups, announced Thursday that they had won contracts worth more than a billion dollars each from TotalEnergies in oil fields in Suriname, in separate press releases.
Last October, TotalEnergies announced an investment of “around $10.5 billion” in oil exploitation in Suriname, with production expected to start in 2028.
On Thursday, the Italian company Saipem announced that it had won a $1.9 billion contract from the French oil giant for the subsea development of Block 58 of the GranMorgu project, off the coast of Suriname.
For its part, TechnipFMC indicates that it has won a “major contract”, not specifying the amount but indicating that according to its definition, “a 'major' contract is greater than 1 billion dollars, which represents the value of the contractual scope allocated to the company This contract will be included in incoming orders in the fourth quarter of 2024,” according to its press release.
The French company says this engineering, procurement, construction and installation contract “will combine TechnipFMC's cutting-edge subsea architecture with […] the best pipe laying capabilities (underwater, editor's note) of Saipem”.
TotalEnergies indicated in October that the GranMorgu project would notably include a production unit with a capacity of 220,000 barrels per day. It “will develop the oil discoveries of the Sapakara and Krabdagu fields”, approximately 150 kilometers from the coast, the reserves being estimated at “more than 750 million barrels”, the group specified.
The French oil company has several exploration licenses off the coast of Suriname. “This flagship project is the first offshore development in the country,” Patrick Pouyanné, CEO of TotalEnergies, said in October.
