ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) let a front end engineering and design (FEED) contract for a floating production, storage and offloading vessel (FPSO) to MODEC Inc. for Uaru, its fifth development project in Stabroek block, offshore Guyana.
MODEC will begin activities related to FPSO design and secure the second M350TM hull for FPSO service.
The 250,000-b/d FPSO—to be installed in water depth of about 2,000 m—will have water injection capacity of 350,000 b/d, 540 MMcfd gas processing capacity, and 2-million bbl of crude oil storage.
Construction and installation is expected following FEED, government approvals, project sanction, final investment decision by ExxonMobil, and EEPGL’s release of the second phase (EPCI) of work.
MODEC is expected to operate the vessel for an initial duration of 10 years with potential options for continuation.
Uaru development, in the eastern portion of the block, will target 1.319 billion boe and is expected to come online end-2026 (OGJ Online, Oct. 26, 2022).
Esso is operator of the 6.6-million-acre Stabroek block with 45% interest. Hess Guyana Exploration Ltd. holds 30% and CNOOC Petroleum Guyana Ltd. holds 25%.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
