Under $1.9B contract, Saipem joins TechnipFMC at TotalEnergies’ oil project in Suriname

After news that TechnipFMC had secured a $1 billion contract for the project, Saipem has reported a $1.9 billion win for TotalEnergies’ GranMorgu oil development offshore Suriname.

Saipem has secured an engineering, procurement, construction, and installation (EPCI) contract by TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project, located in the Block 58 oil & gas field, 150 kilometers off the coast of Suriname.

The work includes the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of the subsea umbilicals, risers and flowlines (SURF) package.

This comprises the EPCI of approximately 100 kilometers of 10” to 12” subsea production flowlines, 90 kilometers of 8” to 12” water and gas injection lines, and the T&I of flexible risers, umbilicals and associated structures, at water depths ranging from 100 to 1,100 meters.

For the offshore campaign, taking place in 2027 and 2028, Saipem will deploy a combination of S-Lay and J-Lay vessels.

The project will be executed in cooperation with TechnipFMC, which is in charge of the subsea production system (SPS) and flexible risers and umbilical equipment packages, to optimize the integration between ​the mutual scopes of work, building on the collaborative model of the commercial alliance the two companies created in 2021 for the pursuit of subsea projects including integrated SURF-SPS developments.

According to Saipem, the contract is an important one, contributing to the overall fleet booking until 2028 with its long-term commitment.

TotalEnergies is the operator of Block 58 with a 50% interest, with APA Corporation holding the other half, however, Staatsolie intends to exercise its option to enter the development with up to 20% interest.

The FID for the project was reached last month. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028 at the earliest.