TechnipFMC bags work on Exxon’s seventh Guyana project
TechnipFMC Secures Major ExxonMobil Contract in Guyana
TechnipFMC, a leading offshore contracting firm, has landed a significant contract to provide subsea production systems for ExxonMobil’s Hammerhead development in the Stabroek Block of Guyana. This agreement marks a pivotal step in the ongoing collaboration between the two companies, with TechnipFMC set to deliver essential project management, engineering, and manufacturing services. The financial scope of the contract is substantial, estimated to be between $250 million and $500 million.
Details of the Hammerhead Project
The Hammerhead project represents TechnipFMC’s seventh greenfield project awarded by ExxonMobil Guyana since the inception of their partnership in 2017. Under this contract, TechnipFMC will supply a range of subsea production systems, which will include advanced subsea trees, manifolds, and associated control systems, all derived from the innovative Subsea 2.0 platform. These systems are designed to enhance both production and water injection capabilities, ensuring efficient operations in the challenging offshore environment.
Jonathan Landes, president of subsea at TechnipFMC, expressed enthusiasm about the contract, stating, “We look forward to continuing to deliver for ExxonMobil Guyana and strengthening our relationship through future opportunities.” This statement underscores TechnipFMC’s commitment to supporting ExxonMobil’s ambitious development plans in the region, which have been rapidly evolving in recent years due to significant oil discoveries.
The Hammerhead development is part of a broader strategy by ExxonMobil to expand its operations in Guyana, a country that has emerged as a key player in the global oil market. As the partnership progresses, both companies aim to leverage their expertise to maximize production efficiency and drive innovation in subsea technology.
