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MODEC has secured the complete engineering, procurement, building and set up (EPCI) contract to ship a floating manufacturing, storage and offloading (FPSO) vessel for the Hammerhead growth.
In April, the offshore contractor was granted a restricted discover to proceed (LNTP), permitting it to start designing the FPSO.
This step was aimed toward facilitating the earliest potential start-up of the mission in 2029, pending obligatory authorities approvals.
Section one of many contract, which targeted on front-end engineering and design (FEED), has been accomplished.
MODEC acknowledged that it’s now progressing to section two, which entails full EPCI, guaranteeing execution readiness in accordance with mission governance.
MODEC Floating Manufacturing Options Enterprise Unit head Soichi Ide stated: “We’re honoured to be entrusted with the complete EPCI scope for Hammerhead. This award displays MODEC’s built-in capabilities to design, construct and function – from idea and FEED by to secure execution and well timed supply of the mission.
“Constructing on the robust progress we’ve got made on the Uaru Venture, this milestone additional underscores the momentum of our collaboration. MODEC’s strategic relationship with ExxonMobil Guyana positions us to work with them and our stakeholders to create lasting worth all through the mission life cycle.”
The FPSO is about to have an preliminary common manufacturing capability of 150,000 barrels of oil per day (bopd), along with related gasoline and produced water dealing with.
Will probably be moored in round 1,025m of water, leveraging SOFEC’s unfold mooring system.
This might be MODEC’s second FPSO assigned to operations in Guyana after the Errea Wittu unit, which is now being constructed for ExxonMobil Guyana’s Uaru growth.
MODEC will, as it’s doing for Uaru, ship operations and upkeep companies for Hammerhead for a ten‑12 months interval, ranging from first oil.
Final month, ExxonMobil took a last funding resolution on the $6.8bn Hammerhead mission, the seventh growth in Guyana’s Stabroek block, following regulatory approvals.
The Stabroek block is operated by ExxonMobil Guyana, which holds a forty five% curiosity. Hess Guyana Exploration and CNOOC Petroleum Guyana have 30% and 25% stakes within the block, respectively.
“MODEC secures full EPCI contract to ship FPSO for Hammerhead mission” was initially created and printed by Offshore Expertise, a GlobalData owned model.
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