HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Jan.2025, Words: 1,451) — Staatsolie Maatschappij Suriname N.V. plans to participate in the $10.5bn GranMorgu project in Block 58 with up to a maximum of 20% interest. And, as part of this decision, Staatsolie looks to procure its estimated commitment to the project through a bond issuance and financing as well as another company contribution.
Current partners in GranMorgu, France’s TotalEnergies, with a 50% interest, and the US’ APA Corporation, with a 50%, agreed Staatsolie would contribute to the project from the 1 Oct. 2024 final investment decision (FID). Both partners also concurred Staatsolie would have to finalize its interest before Jun. 2025.
