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TotalEnergies' offshore project in Suriname on track for first output in mid-2028
TotalEnergies and partners have spent about 50% of planned investment as Suriname seeks its first offshore oil output.
- On Saturday, French energy company TotalEnergies and its partners confirmed the $12 billion GranMorgu offshore project in Suriname remains on track to begin production in mid-2028, Staatsolie head Annand Jagesar said.
- TotalEnergies, Staatsolie, and APA Corp have already invested about 50% of planned capital for the development, which spans 1.4 million acres in Block 58, according to TotalEnergies Chairman Patrick Pouyanne.
- Workers are assembling subsea equipment at the Kuldipsingh Port Facility in Paramaribo, Suriname, where components manufactured in Malaysia will soon be installed to control oil and gas flow via underwater pipelines.
- Jagesar plans to expand production in Block 58, where TotalEnergies will drill four new exploratory wells next year, stating, "I dream of a second project, a second FPSO."
- More than 2.4 billion barrels of oil and 12.5 trillion cubic feet of gas have been discovered in Suriname, positioning the country to replicate Guyana's success with GranMorgu adjacent to Exxon Mobil's massive Stabroek block.
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TotalEnergies' offshore project in Suriname on track for first output in mid-2028
French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress.
·London, United Kingdom
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French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to start… TotalEnergies: Offshore project in Suriname on track for first production in mid-2028 - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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