MODEC Confirms FPSO FEED for Exxon’s Uaru Oil Field Offshore Guyana

Credit: MODEC

Credit: MODEC

Japanese drifting oil as well as gas manufacturing systems supplier MODEC has actually authorized an agreement to execute Front End Engineering as well as Design (FEED) for an FPSO vessel for ExxonMobil’s “Uaru” oil area growth job offshore Guyana.

The FEED agreement honor associates with the first financing by ExxonMobil’s subsidiary, Esso Exploration as well as Production Guyana Limited (EEPGL), to start FEED tasks associated with the FPSO style as well as to safeguard the 2nd M350TM hull for FPSO solution.

Following FEED as well as based on federal government authorizations in Guyana of the growth strategy, job assent consisting of last financial investment choice by ExxonMobil, as well as EEPGL’s launch of the 2nd stage (EPCI) of job, MODEC is anticipated to create the FPSO as well as set up in Guyana, MODEC stated. MODEC is additionally expected to run the FPSO for a preliminary period of ten years, with prospective choices for extension.

MODEC will certainly create as well as create the FPSO based upon its M350 new-build style.

Uaru will certainly be the 2nd M350 hull utilized for FPSO solution,the first being Equinor’s Bacalhau FPSO in Brazil

The FPSO will certainly be developed to generate 250,000 barrels of oil daily, will certainly have connected gas therapy ability of 540 million cubic feet daily as well as water shot ability of 350,000 barrels daily.

The FPSO will certainly be mounted in a water deepness of regarding 2000 meters, making use of a SOFEC Spread Mooring System as well as will certainly have the ability to save around 2 million barrels of petroleum.

“We are extremely honored and proud to be selected to provide the FEED services for an FPSO for the Uaru project,” stated Takeshi Kanamori, President as well as CHIEF EXECUTIVE OFFICER of MODEC. “We are equally proud of our robust track record of successful project deliveries in the South America region, and we look forward to cooperating closely with the client and its partners to make this project a success.”

The FPSO will certainly be MODEC’s very first for usage in Guyana, nonetheless it will certainly be the 18th FPSO/FSO vessel supplied by MODEC for usage inSouth America The Uaru job is anticipated ahead online at the end of 2026.

There are presently 2 FPSOs in procedure in Guyana’s Stabroek block, the Liza Destiny as well as the Liza Unity, both supplied by the Dutch FPSO firm SBMOffshore SBM Offshore is building two more FPSOs for deployment at Exxon’s prolific Stabroek block in Guyana.

ExxonMobil recently stated it had actually made 2 brand-new explorations at the Yarrow -1 as well as Sailfin -1 wells on the Stabroek Block offshore Guyana.

The explorations, which are the 8th as well as 9th this year, will certainly include in the block’s formerly introduced gross found recoverable source price quote of roughly 11 billion barrels of oil matching. Since 2015, ExxonMobil has actually made greater than 30 explorations on the block.

Source of This New