MODEC has announced that the company has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project.
The contract is a Limited Notice To Proceed (LNTP) by ExxonMobil Guyana, pending necessary government and regulatory approval. Phase one encompasses Front-End Engineering and Design (FEED) while phase two covers Engineering, Procurement, Construction, and Installation (EPCI).
The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD) and have a storage capacity of 1.6 million barrels. It will have a gas production capacity of 90 MMscfd and water injection capacity of 340,000 bpd and will be moored at a water depth of approximately 1,025 meters using a SOFEC, Inc. Spread Mooring System.
The Hammerhead FPSO will be MODEC’s second for use in Guyana, following the Errea Wittu, which is currently being built for ExxonMobil Guyana’s Uaru project.
