TegelDepot Suriname NV celebrates Suriname’s move towards energy independence with the signing of the Final Investment Decision (FID) by TotalEnergies, APA Corporation and Staatsolie. This landmark agreement, sealed on October 1, 2024, marks the start of the GranMorgu development in Block 58, offshore Suriname, and promises transformative growth for the country.
A New Era for Energy in Suriname
The GranMorgu project represents the largest investment in Suriname’s history, with over $10.5 billion dedicated to exploiting offshore oil reserves. The project combines the Sapakara South and Krabdagu discoveries, which together contain an estimated 750 million barrels of recoverable oil. Over a production period of 20-25 years, a floating production facility (FPSO) will be able to process up to 220,000 barrels of oil per day.
With this development, Suriname strengthens its position as a major player in the global energy sector, after years of successful exploration in Block 58.
Economic Impact
President Chandrikapersad Santokhi called the FID a “historic milestone” and highlighted its potential to attract global investors and create local opportunities. The project is expected to generate thousands of jobs during both the construction and operational phases. Local industries such as construction and logistics will benefit from the increasing demand for goods and services.
Annand Jagesar, CEO of Staatsolie, emphasized that the revenues from this project should be used for sustainable growth and transparent management, so that all Surinamese can benefit.
Sustainability and Innovation
GranMorgu reflects TotalEnergies’ commitment to low-cost, low-emission projects. The FPSO facility has been designed to minimize environmental impact and meets global sustainability standards. In addition, an environmental and social impact study has been conducted, including public consultations to address potential risks.
The added value of Tegeldepot Suriname NV
During this period of growth, Tegeldepot Suriname NV plays an essential role in supporting the infrastructure development required for this era of transformation.
Quality and Sustainability: With high-quality tiles and building materials, Tegeldepot contributes to the construction of both commercial and residential projects that are part of this energy revolution.
Diverse Applications: Our products are ideal for the development of offices, storage facilities, and other structures required to support the oil industry.
Reliable Partner: Tegeldepot offers a wide range and service orientation, which means we meet the requirements of both large companies and private individuals.
With our range of sustainable and high-quality products, Tegeldepot is ready to contribute to the construction of a stronger and more prosperous Suriname.
Congratulations Suriname on this monumental achievement! Together we will build a prosperous future.
Visit our showroom or our website for more information about how Tegeldepot can contribute to your projects.
Comments