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Milestone-based catalysts for large offshore projects often modestly lift valuation by de-risking energy asset exposure and signaling execution momentum; however, the long 2028 timeline tempers immediate upside and price sensitivity to execution and oilprices.
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TotalEnergies and partners are advancing the GranMorgu offshore project in Suriname, a $12 billion development expected to start output in mid-2028, per Staatsolie head Annand Jagesar. The milestone reinforces TotalEnergies’ offshore growth profile and could bolster near-to-medium term cash flow if execution stays on plan and oil prices cooperate, though risks include capex intensity and potential delays.
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