Field/project development

TechnipFMC Lands Large Subsea Contract For Guyana Project

The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.

Source: Getty Images

London-based TechnipFMC said on Tuesday that it had secured a contract with ExxonMobil affiliate Esso Exploration and Production Guyana to supply the subsea production systems for the Uaru oil project in the Stabroek Block offshore Guyana.

The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. TechnipFMC will also provide project management, engineering, and manufacturing to the project.

“We are very proud to continue our relationship with ExxonMobil Guyana through this award, which is our fifth within the Stabroek block. This is ExxonMobil Guyana’s first project utilizing our Subsea 2.0 system, which leverages our configure-to-order model to deliver on an accelerated schedule,” said Jonathan Landes, president, subsea at TechnipFMC.

The company described the contract as large, with a value between $500 million and $1.0 billion.

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 was awarded a contract in November 2022 by the consortium to perform the front-end engineering and design for a floating production, storage, and offloading vessel for the Uaru development project. First oil is projected to flow by 2027.