Japanese floater knowledgeable Modec has inked a contract to carry out front-end engineering and design (FEED) for a floating manufacturing, storage and offloading vessel (FPSO) at ExxonMobil’s Uaru improvement venture within the Stabroek block offshore Guyana.
The FEED contract award pertains to the preliminary funding by ExxonMobil’s subsidiary, Esso Exploration and Manufacturing Guyana Restricted (EEPGL), to start FEED actions associated to the FPSO design and to safe the second M350TM hull for FPSO service.
Following FEED and topic to authorities approvals in Guyana of the event plan, venture sanction together with closing funding resolution by ExxonMobil, and EEPGL’s launch of the second part (EPCI) of labor, Modec is predicted to assemble the FPSO and set up in Guyana. Modec can be anticipated to function the FPSO for an preliminary length of 10 years, with potential choices for continuation.
Modec will design and assemble the FPSO primarily based on its M350 newbuild design. Uaru would be the second M350 hull used for FPSO service. The FPSO can be designed to supply 250,000 bopd, can have an related fuel therapy capability of 540m cfpd and a water injection capability of 350,000 bpd.
The FPSO would be the fifth ExxonMobil unit in Guyana. Will probably be put in at a water depth of about 2000 m utilizing a Sofec unfold mooring system and can be capable of retailer round 2m barrels of crude oil. The unit can even be Modec’s first to be used in Guyana and the corporate’s 18th FPSO/FSO vessel delivered to be used in South America.