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Commodity: TotalEnergies awards three contracts worth over $1 billion to Suriname

15/11/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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The French groups TechnipFMC and Technip Energies, as well as the Italian company Saipem, won contracts worth more than one billion euros on Thursday. dollars. The contract was awarded by TotalEnergies in oil fields in Suriname

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TotalEnergies announced in October an investment of “around 10.5 billion dollars” in oil exploitation in Suriname, located in South America, with production expected to start in 2028. Indeed, the oil giant has awarded contracts to the French groups TechnipFMC and Technip Energies, as well as to the Italian company Saipem, for more than one billion dollars or euros each. According to TotalEnergies, the project “will develop oil discoveries in the Sapakara and Krabdagu fields”, about 150 kilometers from the coast, the oil giant said. The Italian petroleum engineering company Saipem said for its part that it had won a $1.9 billion contract from the French oil giant for the underwater development of this block 58 of the GranMorgu project

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