TotalEnergies to finalize $10B investment in Suriname's Gran Morgu oil field, expected to start production in 2028.

TotalEnergies is poised to finalize a $10 billion investment for Suriname's inaugural offshore oil and gas project, the Gran Morgu field, located in Block 58, about 140 km offshore. The field holds an estimated 700 million barrels of recoverable resources. CEO Patrick Pouyanne will announce the decision in Suriname, with production expected to start in early 2028. This project aims to boost economic growth in Suriname and follows successful discoveries in nearby Guyana.

September 30, 2024
46 Articles