TechnipFMC has been awarded a contract by Esso Exploration and Production Guyana Ltd. to supply the latter with a subsea production system for the Uaru project, according to a May 2 press release.
While the exact amount of the contract was not disclosed, TechnipFMC defined the total as being between $500 million and $1 billion. Esso Exploration and Production Guyana are an Exxon Mobil Corp. affiliate.
In addition to supplying Esso Exploration and Production Guyana with the subsea production system, TechnipFMC will also provide project management, engineering and manufacturing of the system. Included in the awarded contract are 44 subsea trees, associated tooling, and 12 manifolds, associated controls and tie-in equipment.
“We are very proud to continue our relationship with Exxon Mobil Guyana through this award, which is our fifth within the Stabroek block,” said Jonathan Landes, president of subsea at TechnipFMC. “This is Exxon Mobil Guyana’s first project utilizing our Subsea 2.0 system, which leverages our configure-to-order model to deliver on an accelerated schedule.”
TechnipFMC is a technology company based in England. The company employs over 100 Guyanese, but that number is expected to increase as of the awarded contract.
Recommended Reading
TotalEnergies Sells Gas Field Interests West of Shetland Islands
2024-06-27 - Prax Group will take over TotalEnergies’ oil and gas assets in the maturing play north of Scotland.
Equinor Acquires Stake in Standard Lithium Smackover Projects
2024-05-08 - Equinor’s transaction, completed effective May 7, includes interests in Standard Lithium’s flagship South West Arkansas Project and East Texas properties.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Permian Resources Adds More Delaware Basin Acreage
2024-05-07 - Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals
2024-05-07 - Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.