In Suriname, TotalEnergies’ GranMorgu project – the first major subsea development in the Block 58 area – has already driven industry awards that signal deep engagement from global contractors. Italian engineering contractor Saipem secured a $1.9 billion EPCI contract for the subsea umbilicals, risers and flowlines (SURF) package, which includes roughly 100 km of production flowlines and 90 km of water and gas injection lines. The offshore campaign is scheduled for execution in 2027–2028 and will deploy S‑Lay and J‑Lay pipelay vessels to support the work.

Saipem’s contract is being executed in cooperation with TechnipFMC, which has secured a complementary integrated EPCI award for subsea production system components – demonstrating how large, integrated offshore packages are being mobilized in the basin.

These awards make GranMorgu one of the most significant offshore service markets in the Caribbean frontier, creating multi‑year demand for subsea engineering, vessel‑based pipeline installations and long‑term maintenance support tied to FPSO operations. The field is expected to deliver first oil in 2028, supporting Suriname’s ambition to become a regional energy hub.

In Guyana, offshore activity continues to attract service contracts that extend beyond exploration drilling. In September 2025, Saipem received authorization to advance EPCI work on ExxonMobil’s Hammerhead development in the prolific Stabroek Block, securing an estimated $500 million SURF contract supporting future field infrastructure. This award follows previous work in Guyana’s deepwater fields and underscores the transition from discovery to execution across major offshore projects.

Amid rising contracting activity, Subsea7’s Subsea Integration Alliance (SIA) – formed with SLB – has emerged as a core offshore delivery model in the region. Averaging more than $1 billion per year in regional activity and renewed for the next decade, the SIA model bundles subsea engineering, construction and installation into a single integrated service package that operators increasingly favor to reduce risk, streamline procurement and accelerate execution. This alliance is widely seen as a blueprint for how service providers can capture work in complex deepwater environments and position themselves for long‑term engagement across multiple phases of development.

Against this backdrop, CEW 2026 offers a timely platform for contractors, OEMs and service companies to engage directly with operators, licensors and government stakeholders shaping the Guyana‑Suriname basin. Hosted for the first time in Suriname’s capital, the event brings together project developers, energy executives and investors from the U.S., Brazil and beyond to showcase bankable offshore programs, explore licensing rounds and forge partnerships.

For service firms, the combination of signed contracts, project pipelines nearing FID and integrated delivery alliances means the basin is increasingly ready for capital and expertise that can deliver subsea, fabrication, installation, and lifecycle services. With GranMorgu anchoring the regional demand trail and Guyana’s developments adding further depth, CEW underscores the importance of early engagement in a market poised for sustained offshore execution.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.