The French-based Total Energies says it remains confident that the company can meet the US$9 billion required for its first offshore development off the coast of Suriname.
Chief financial officer Jean-Pierre Sbraire gave the assurance amid global inflationary pressures, saying costs are now 20 per cent higher than when the project was first announced last year.
Total Energies has earmarked the Dutch floater specialist, SBM Offshore's Fast4Ward hull for the project.
It was pre-selected as the preferred bidder over Japan's MODEC in May.
Total Energies said it is targeting a Tesla-like FPSO for Suriname.
The vessel will produce approximately two hundred thousand barrels per day from the two discoveries in Suriname’s Block 58. Both are said to hold 700 million barrels of oil.
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