TotalEnergies, APA plan FPSO for Suriname’s first deepwater oil development
Offshore staff
PARIS – TotalEnergies has started development studies for the deepwater Sapakara South and Krabdagu oil field discoveries offshore Suriname in Block 58, which the company operates in partnership with APA Corp.
Appraisal drilling and production tests of the three wells confirmed total resources of close to 700 MMbbl for the two fields.
The reserves, located in water depths ranging from 100-1,000 m, will be produced through a network of subsea wells connected to an FPSO stationed 150 km offshore Suriname, with a capacity of 200,000 b/d. The estimated investment will approach $9 billion.
Detailed engineering studies (FEED) will start by the end of the year with the partners set to take FID on the development by the end of 2024, targeting first oil in 2028.
TotalEnergies has committed to use of the best available technologies to minimize emissions. The installations will be designed for zero flaring, with the associated gas reinjected.
During the development and production phases, the company and state-owned Staatsolie wil continue to collaborate on furthering local content for the project, with more than 80 Surinamese citizens already trained for operations at the Paramaribo logistics base during the exploration and appraisal phases.
"Suriname is going through a difficult period economically,” said Chandrikapersad Santokhi, President of the Republic of Suriname. “This announcement paves the way for positive developments for our country…
“Local entrepreneurs will need to seize opportunities to provide services and goods. We will ensure that future offshore oil and gas revenues are put to good use.”
09.13.2023
