SBM Offshore Secures FPSO GranMorgu Contract With TotalEnergies in Suriname | FTSE

Highlights

• SBM Offshore signs a new operations and maintenance agreement with TotalEnergies EP Suriname B.V.

• FPSO GranMorgu will support development in Suriname’s Block 58

• SBM Offshore expands footprint in South America, becoming the first FPSO operator in Suriname

Operating in the offshore oil and gas infrastructure sector, SBM Offshore Amsterdam B.V., ticker SBFFY and listed under the FTSE indices, has announced the signing of a key operations and maintenance contract with TotalEnergies EP Suriname B.V. The agreement focuses on the FPSO GranMorgu, part of the development activities in Block 58, located offshore Suriname.

This new contract outlines operational responsibilities during the readiness phase ahead of production commencement and includes service provisions for a defined term following the first production phase. The agreement includes options for further extension, reinforcing the cooperation between SBM Offshore and TotalEnergies.

Strategic Milestone in South America

The FPSO GranMorgu contract marks SBM Offshore’s entry into the Surinamese offshore market. This development positions the company as the first to operate an FPSO in the country, demonstrating a geographical expansion of its operational base in Latin America. By partnering with TotalEnergies, SBM Offshore leverages a history of collaboration and deepwater engineering capabilities to support the region’s energy projects.

This advancement aligns with SBM Offshore’s strategic focus on project lifecycle excellence and its commitment to supporting long-term partnerships through reliable asset management services.

Project Lifecycle and Engineering Excellence

SBM Offshore is deploying its Fast4Ward® Multi-Purpose Floater hull for the GranMorgu unit, exemplifying its modular approach to floating production solutions. The company’s experience in engineering, procurement, construction, and operations ensures the unit is ready to meet production standards efficiently. This collaboration enhances the reliability of the Block 58 development and further strengthens TotalEnergies’ offshore operations in Suriname.

The long-standing cooperation between SBM Offshore and TotalEnergies has already been demonstrated across various global operations. This new phase continues that trend by integrating operational readiness into SBM Offshore’s scope, ensuring a seamless transition from pre-production to active service.

Operational Outlook and Commitment to Sustainability

SBM Offshore’s role goes beyond traditional operations, integrating environmental and social governance in its approach. With the deployment of the FPSO GranMorgu, the company contributes to a sustainable energy future by aligning operations with high efficiency and environmental standards. The company has emphasized its role in supporting cleaner offshore production through innovation and responsible engineering.

As part of its broader vision, SBM Offshore continues to invest in the development of floating solutions that support energy transition efforts, reinforcing its global leadership in deepwater infrastructure. With this new agreement, SBM Offshore continues its track record of supporting complex offshore developments with reliability and operational excellence.

Global Collaboration with Local Impact

The entry into Suriname’s offshore sector showcases the expanding scope of SBM Offshore’s global operations. Through this partnership with TotalEnergies, the company sets a new standard for operational collaboration in emerging energy markets. FPSO GranMorgu is expected to play a central role in advancing Suriname’s offshore production capabilities, with SBM Offshore overseeing its performance during critical project phases.

By engaging in early-stage readiness and post-startup operations, SBM Offshore integrates lifecycle service excellence into the heart of the Block 58 development plan.