New contract moves Guyana closer to FPSO target
Guyana 
GEORGETOWN, January 12, 2024 – Jumbo Offshore has signed a contract with Japanese vessel builder MODEC for pre-installation of the mooring spread of an FPSO bound for Guyana, the Netherlands-based offshore contractor announced on Wednesday.
The company will use its heavy-lift construction vessel Fairplayer to install the 19 suction anchors, 8,800 metres of chain sections and 43,200 metres of polyester rope.
The Errea Wittu FPSO has the capacity to store 2 million barrels of oil, produce around 250,000 bopd, have gas treatment capacity of 15.3 mcm (540 mcf) per day and water injection capacity of 350,000 bpd.
“The Jumbo Offshore team is very grateful to MODEC for this opportunity,” said Igor Rijnberg, head of sales and business development for subsea operations of Jumbo Offshore.
“We will use the extensive deep-water mooring installation experience gained over the last years to deliver a reliable, smart and efficient project execution,” he said.
MODEC signed an EPCI contract to build the FPSO bound for ExxonMobil’s offshore Uaru field in May 2023.
The unit will produce from the Snoek, Mako and Uaru plays on the Stabroek block.
The move follows the operating consortium reaching the FID on the Uaru project in April 2023.
ExxonMobil operates the Stabroek block with a 45% stake, while Hess Corporation holds a 30% stake and China National Offshore Oil Corporation holds the remaining 25% stake.
Two producing FLNG vessels are currently stationed at the concession, the Liza Destiny and the Liza Unity.
Net production from the two assets was 112,000 bopd in Q3 2023.
Two additional FLNG vessels are to begin production at the Payara and Yellowtail fields on the block, the Prosperity and One Guyana, respectively.
The Prosperity FLNG vessel has a planned capacity of 220,000 bopd. The asset arrived on the Stabroek concession in April 2023.
The One Guyana FLNG vessel will have a production capacity of 250,000 bopd, with first production anticipated in 2025.
ExxonMobil aims to have six producing FPSOs in Guyana by the end of 2027, which will bring Guyana’s oil and gas production to more than 1.2 million bopd.
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