Floater expert Modec has been awarded a contract by US supermajor ExxonMobil to develop an FPSO vessel for the Hammerhead project in Guyana.
The contract, awarded by ExxonMobil’s Guyana arm, is a limited notice to proceed pending necessary government and regulatory approval. Phase one encompasses front-end engineering and design, while phase two covers engineering, procurement, construction, and installation.
The notice allows MODEC to start activities related to the FPSO design to ensure the earliest possible project startup in 2029, should the project receive the necessary government approvals.
The performance of the second phase is subject to government and regulatory approval as well as project sanction by ExxonMobil Guyana and its Stabroek Block co-venturers.
Simultaneously, the operations and maintenance enabling agreement for Modec’s Guyana fleet has been established to enable the operations and maintenance of multiple FPSOs under a long-term contractual arrangement.
The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day, along with associated gas and water. It will be moored at a water depth of approximately 1,025 m.
This will be Modec’s second FPSO set for use in Guyana, following the Errea Wittu, which is currently being built for ExxonMobil Guyana’s Uaru project.
This announcement came several days after the arrival of the FPSO One Guyana, which will be working on the Yellowtail development. First oil is expected later this year. It arrived on schedule after travelling just over 20,000 km from Singapore in 56 days. It joined the Liza Destiny, Liza Unity, and Prosperity FPSOs offshore Guyana.
