Suriname's GranMorgu Project Approved, Set to Generate $26 Billion

M&A · PartnershipCommodity
โดย Oilprice.com·Read original
Summary · why it matters

TotalEnergies and APA Corporation have approved the final investment decision for the deepwater GranMorgu project in Suriname's offshore Block 58, a development expected to generate up to $26 billion in fiscal income for the country. The project targets the Sapakara and Krabdagu discoveries, which hold an estimated 760 million barrels of recoverable crude oil, and will use a floating production, storage and offloading vessel with a capacity of 220,000 barrels per day, coming online in 2028. Staatsolie, Suriname's state-controlled energy company, acquired a 20% stake in GranMorgu, funded by a $1.6 billion loan and a March 2025 bond issue, while TotalEnergies and APA each retain 40%. Separately, in Block 52, operator Petronas holds an 80% working interest and Staatsolie 20%, with a final investment decision for the Sloanea field planned before the end of 2026 following eight discoveries in the Golden Lane. The oil is light and sweet, with API gravities of 34 to 37 degrees and low sulfur content, positioning Suriname to become a major oil producer and exporter.

Impact on stocks 2

Energy▲ · 2 stocks
APA Corporation
APA
▲ PositiveCapitalrelevance

Approved FID for GranMorgu project, retaining 40% stake in a major oil development.

TotalEnergies SE
TTE
▲ PositiveCapitalrelevance

Approved FID for GranMorgu project, retaining 40% stake in a major oil development.

Off-coverage companies 2

StaatsoliePrivate▲ Positive
Capitalrelevance

Acquired 20% stake in GranMorgu, funded by loan and bond issue, positioning for future revenues.

PetronasPrivate▲ Positive
Capitalrelevance

Operator in Block 52 with 80% stake, planning FID for Sloanea field by end of 2026.

© 2026 MarketDXNews