Wedoany.com Report-Jun 20, SBM Offshore, a Dutch company specializing in floating production systems, has secured an operations and maintenance contract with TotalEnergies EP Suriname, a subsidiary of the French energy company TotalEnergies. The agreement pertains to the GranMorgu Floating Production Storage and Offloading (FPSO) unit, which will operate in Block 58, located 150 km off the coast of Suriname.

The contract covers the operational readiness phase before the start of oil production and includes providing operations and maintenance services for at least two years following first oil, with options for extension. SBM Offshore stated: “This contract reinforces SBM Offshore’s long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname.”

The GranMorgu project represents Suriname’s first offshore oil and gas development. In November 2024, TotalEnergies contracted SBM Offshore, in collaboration with Technip Energies, to construct the FPSO following the completion of front-end engineering design (FEED) studies and a final investment decision. Additionally, TotalEnergies awarded contracts worth $2.9 billion to Saipem and TechnipFMC for related project work.

In May 2025, Staatsolie, Suriname’s state-owned oil company, secured a $1.6 billion loan from a consortium of 18 international, regional, and local financial institutions to fund its 20% stake in the project. The GranMorgu FPSO is a key component of this development, aimed at enabling sustainable energy production in the region.

This initiative highlights the growing collaboration between global energy firms and local stakeholders to advance Suriname’s offshore energy sector, with operations set to commence following the completion of the construction phase.