Norway’s DeepOcean wins first contract in Guyana

GEORGETOWN, February 14, 2024 – DeepOcean has won a contract from ExxonMobil in Guyana to provide subsea construction plus inspection, maintenance and repair (IMR) services on its Stabroek block, the Norwegian subsea services player announced on Wednesday.

The contract scope involves subsea construction and jumper installations and subsea IMR work at the Stabroek block, deploying the Siem Day multi-purpose support vessel. The value and duration of the contract were not specified.

The Stabroek block, Guyana’s star E&P play, is expected to produce up to 1.2 million bopd by 2027.

Tony Stokes, president of DeepOcean’s American operation, which will manage DeepOcean’s side of the work at Stabroek, called the Guyanese market “exciting.”

“This is our first major contract with ExxonMobil in the Americas and our market entry into the exciting Guyana market,” he said.

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