U.S.-headquartered oilfield services giant Halliburton has landed a significant contract to assist in developing a monumental deepwater oil project in Block 58, off the coast of Suriname. This project is operated by the French energy powerhouse TotalEnergies.
Halliburton has characterized its newly secured contracts as integrated well construction agreements, which encompass drilling and completions services for a long-term commitment to the TotalEnergies-operated GranMorgu deepwater development. With this initiative, Halliburton aims to redefine standards for efficiency and collaboration in complex offshore projects.
Utilizing a fully integrated, digital, and automation execution model, Halliburton plans to marry together planning, engineering, and operations. This innovative approach is designed to enhance performance, streamline learning processes, and minimize overall costs during well construction. By integrating digital workflows and employing real-time data alongside remote operations control, the company will enhance well placement accuracy and uphold delivery assurance that effectively links surface operations to subsurface execution.
Franco Delano, Vice President of Caribbean at Halliburton, emphasized the significance of this award, stating: “This award reflects the value of integrated execution, collaboration, and digital technology in complex deepwater developments. The GranMorgu project demonstrates how aligned teams and advanced well construction capabilities support safe, efficient delivery and maximize asset value for our customers.
The GranMorgu project is poised to be a catalyst for local capacity building through substantial infrastructure investment and alliances with local suppliers. Halliburton has already initiated upgrades to local suppliers’ liquid mud and cement plants, indicating its commitment to supporting the local economy. Furthermore, the establishment of Suriname’s first state-of-the-art completions and drilling workshop will bolster advanced maintenance and repair capabilities.
In alignment with this growth initiative, Halliburton is prioritizing the acquisition of local talent and suppliers to foster national economic development. This not only involves training and education but also cements the local workforce’s involvement in this grand venture.
The GranMorgu project is integral in expanding Suriname’s offshore energy landscape and is marked by the establishment of the world’s first global alliance involving Halliburton, TotalEnergies, and Noble. This collaboration could redefine operational standards and technological benchmarks within the region.
The project follows advancements made in the front-end engineering design (FEED) studies for two primary oil discoveries within Block 58, namely Sapakara South and Krabdagu. TotalEnergies has officially sanctioned the GranMorgu development after assessing the lucrative potential of these fields.
Located approximately 150 kilometers off the Surinamese coastline, the fields harbor recoverable reserves estimated to exceed 750 million barrels, with water depths ranging from 100 to 1,000 meters. A key component of the project involves a floating production, storage, and offloading (FPSO) vessel that boasts a daily capacity of 220,000 barrels of oil. Initial investment estimates for the project stand at around $10.5 billion, with production set to commence in 2028. However, projections indicate that total investment value might escalate to approximately $12.2 billion, with the FPSO GranMorgu designed to accommodate future tie-back opportunities, ensuring its operational lifespan and productivity plateau are maximized.
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