10/10/2024 by OilStoreAdministrator
France-based TotalEnergies has announced that it and its partner APA Corporation have made a final investment decision for the Block 58 GranMorgu development offshore of Suriname.
TotalEnergies’ CEO and chairman, Patrick Pouyanné, made the announcement while visiting the CEO of state-owned Staatsolie, Annand Jagesar, and Suriname’s President, His Excellency Chandrikapersad Santokhi, in Paramaribo. He said he was pleased to be announcing the project launch and thanked the Suriname Government for its robust support, adding:
“Building on TotalEnergies’ pioneering spirit, this landmark project marks the first offshore development in the country and capitalises on our extensive expertise in deep offshore innovation. GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and low emission oil projects.”
TotalEnergies, which also makes the Total metalworking and lubricant range, will be the designated operator with a 50% interest, the same as its partner APA Corporation. Staatsolie also intends to participate in the project, with it having the option to take up to a 20% interest by June of next year.
The GranMorgu project’s intensity for scope 1 and 2 emissions will be under 16 kg of CO2 equivalent for every barrel of oil equivalent, thanks to advanced technologies. These include the use of water cooling to improve efficiency, a unit for recovering waste heat to optimise power use and a monitoring system to detect methane emissions.
There will be no routine flaring of associated gas, with the fully electric FPSO (floating production storage and offloading) vessel instead reinjecting it all back into the reservoirs.
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