MODEC has confirmed the award of full EPCI scope from ExxonMobil to build an FPSO for the Hammerhead development offshore Guyana, MODEC announced on Tuesday.
The company had received limited notice to proceed with execution in April 2025 and has since completed FEED for the vessel. Following ExxonMobil’s positive FID on the Hammerhead project, MODEC has been authorised to advance with EPCI.
The FPSO will be moored at a water depth of approximately 1,025 metres and have a production capacity of 150,000 bopd, and is expected to come on line in 2029. Under the terms of the contract, MODEC will also provide operations and maintenance services for 10 years from first oil.
“We are honoured to be entrusted with the full EPCI scope for Hammerhead. Building on the strong progress we’ve made on the Uaru Project, MODEC’s relationship with ExxonMobil Guyana positions us to work with them and our stakeholders to create lasting value throughout the project lifecycle,” said Soichi Ide, head of MODEC’s Floating Production Solutions business unit.
The Hammerhead FPSO is MODEC’s second vessel for ExxonMobil in Guyana. It follows the Errea Wittu FPSO for the Uaru project, which is currently under construction.
MODEC is a Tokyo-based provider of offshore floating infrastructure, including FPSOs, FSOs, tension leg platforms and semi-submersibles. The company operates globally and also delivers operations and maintenance services for offshore oil and gas facilities.
Source: Theenergyyear.com