Halliburton to drill at TotalEnergies' 760mn barrel Suriname field

Halliburton has been awarded contracts to provide integrated drilling and completions services for the GranMorgu deepwater project, located roughly 150km off the coast of Suriname. The long-term agreement positions the oilfield services firm as a primary contractor for a major new basin development, securing a predictable revenue stream.

The GranMorgu development spans Block 58, targeting the Sapakara and Krabdagu fields with an estimated 760 million barrels of recoverable reserves. Operator TotalEnergies holds a 40% stake in the project, partnered equally by APA at 40% and state-owned Staatsolie at 20%.

Production is expected to begin in 2028. The project will utilise a floating production, storage and offloading unit with a capacity of 220,000 barrels per day. This vessel has been specifically designed to accommodate future subsea tie-ins, a feature drawn from similar units operating in nearby Guyana that allows the partners to extend the field's economic life.

For investors, the technical execution model Halliburton is deploying is a central focus. The company plans to connect planning, engineering and operations through integrated digital workflows and remote operations control. This automation is intended to improve well placement accuracy and ensure delivery assurance.

According to Halliburton, these methods are expected to directly enhance recovery rates while reducing TotalEnergies' overall ownership costs. The integration of electrification and automated systems is also aimed at lowering the emissions intensity of the drilling operations.

Franco Delano, Halliburton Caribbean vice-president, said the award highlights the financial value of digital technology in complex deepwater environments. "This award reflects the value of integrated execution, collaboration and digital technology in complex deepwater developments," Delano said. "The GranMorgu project demonstrates how aligned teams and advanced well construction capabilities support safe, efficient delivery and maximise asset value for our customers."

Beyond the offshore work, the contract includes capital expenditures onshore. Halliburton is collaborating with Surinamese suppliers to upgrade a local liquid mud and cement facility, building out the infrastructure needed to support the region's expanding offshore sector.

The award also broadens Halliburton's strategic position in the wider Guyana-Suriname Basin. It follows a separate strategic collaboration agreement formed with Petronas Suriname Exploration & Production and Valaris to advance other offshore assets in the region.