Italy’s Saipem has landed a $1.9 billion engineering, procurement, construction and installation contract for TotalEnergies’ GranMorgu $10.5 billion subsea oil and gas development on Block 58 offshore Suriname.
Saipem’s workscope encompasses the EPCI, pre-commissioning and assistance for the commissioning of the subsea umbilicals, risers and flowlines (SURF) package.
TotalEnergies is targeting first oil in 2028 from GranMorgu, which is located 150 kilometres off the coast of Suriname. The asset is being exploited via subsea wells tied into a floating, production, storage and offloading vessel.
Saipem will execute the project in cooperation with UK contractor TechnipFMC, which has been tasked with the the subsea production system (SPS) and flexible risers and umbilical equipment packages.
Saipem said this tie-up would optimise the integration between the companies’ respective scopes of work, “thus demonstrating the successful collaborative model of the commercial alliance created by the two companies in 2021 for the pursuit of subsea projects including integrated SURF-SPS developments”.
TechnipFMC on Thursday confirmed it had been awarded a $1 billion-plus integrated engineering, procurement, construction and installation (iEPCI) contract for GranMorgu.
The contractor added this project would combine its leading subsea architecture with Saipem’s EPCI solutions and best-in-class pipelay capabilities — notably J-lay, the optimal solution given the location offshore Suriname — to accelerate time to first oil and increase schedule certainty.
TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors and topsides control equipment. The company will also supply umbilicals, flexible jumpers and flexible risers.
Jonathan Landes, president, subsea at TechnipFMC commented: “We are bringing our new frontier experience and differentiated technology — including Subsea 2.0 —while leveraging the complementary capabilities of our vessel ecosystem.”
For GranMorgu, Saipem will be responsible for the EPCI of 100 kilometres of 10 to 12-inch diameter subsea production flowlines, 90 kilometres of 8 to 12-inch water and gas injection lines, and the transportation and installation of flexible risers, umbilicals and associated structures in water depths from 100 to 1100 metres.
The Italian contractor will deploy a combination of S-lay and J-lay vessels for the offshore installation work, which is scheduled for 2027 and 2028.
Saipem noted this long-term contract contributes to its overall fleet booking until 2028, consolidates its presence in South America and reinforces the company’s track record in the development of complex subsea projects.