EnergyReader · 2026-08-03 03:14

TotalEnergies and APA Sanction Suriname's GranMorgu Deepwater Project as Atlantic Basin Supply Gains New Weight

By EnergyReader Newsroom · August 3, 2026

TotalEnergies and APA Corporation have sanctioned the GranMorgu deepwater project off Suriname, targeting an FPSO with 220,000 barrels per day of capacity and estimated recoverable resources of 760 million barrels at the Sapakara and Krabdagu discoveries. ICE Brent crude front-month was trading at $83.80 per barrel early Monday (2026-08-03), well off war-shock highs but still comfortably within the economics required to justify Atlantic Basin deepwater investment.

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