Offshore contracting giant TechnipFMC has been awarded a contract in Guyana’s Stabroek Block by US supermajor ExxonMobil to supply subsea production systems for the Whiptail project.
TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
Exact financial details for the deal were not revealed but TechnipFMC did say that it was a “large” contract which means that it is worth between $500m and $1bn. According to the company, the award will be included in inbound orders in the second quarter of 2024.
TechnipFMC currently employs nearly 140 Guyanese workers and will continue hiring and training additional local staff in support of this award.
The contract was awarded a few days after Exxon announced the final investment decision for the project. The $12.7bn Whiptail is the sixth project on the Stabroek block and is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.
Since the FID, two companies were given the nod to proceed with work on the project. Namely, SBM started constructing the FPSO for the project, to be named Jaguar. It will be able to produce 250,000 bopd, have an associated gas treatment capacity of 540 mcfpd, and a water injection capacity of 300,000 bpd. The vessel will be spread moored in a water depth of about 1,630 m and will be able to store around 2m barrels of crude oil.
Also, Saipem was told to proceed with its part of Whiptail work. Work entails the design, fabrication, and installation of subsea structures, risers, flowlines, and umbilicals for a subsea production facility.
