MODEC, Saipem Land Guyana Projects
Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
MODEC and Saipem have won contracts for the ExxonMobil-operated Uaru project offshore Guyana.
The ExxonMobil-led consortium that includes Hess and CNOOC International sanctioned the $12.7 billion Uaru development in April. The project will have a production capacity of 250,000 BOPD at its peak and is the consortium’s largest and most expensive project in the region.
MODEC announced 8 May that it will move forward with the engineering, procurement, and construction of the Uaru floating production, storage, and offloading vessel (FPSO). The company said it will also provide ExxonMobil with operations and maintenance service of the FPSO for 10 years from first production.
The FPSO, named Errea Wittu, which means “abundance”, will be the fifth one for Guyana, and will combine the development of the Snoek, Mako, and Uaru resources in the prolific Stabroek block. The FPSO will be MODEC’s first for use in Guyana and it will be the 18th FPSO/FSO project delivered by MODEC for use in South America, according to the company.
MODEC signed a contract to perform the front-end engineering and design (FEED) for the FPSO in November 2022. The Uaru FPSO will be the second MODEC-designed M350 hull for FPSO service. The first is destined for Petrobras’ Bacalhau project offshore Brazil.
“We are extremely honored to be chosen to provide an FPSO for the Uaru project,” said Takeshi Kanamori, president and chief executive of MODEC. “This is our first project with ExxonMobil since we delivered FSO Kome Kribi 1 in Cameroon for Esso Chad in 2003. It is indeed a long-desired new project for MODEC, and we look forward to cooperating closely with the client and its co-venturers to make this project a success.”
Italian contractor Saipem said on 4 May that it received the authorization to proceed with the final phase of the contract it was awarded in December 2022. The work scope includes the design, fabrication, and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility. Saipem will perform the operations using its flagship vessels FDS2 and Saipem Constellation.
Saipem described the contract as large, with a value between $500 million and $1.0 billion.
TechnipFMC said on 3 May that it was awarded a contract to supply the subsea production systems for the Uaru project. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.