Offshore Frontier Solutions Pte. Ltd. (OFS), an affiliate of Toyo Engineering Corporation (TOYO, President and CEO Eiji Hosoi), has been awarded a contract by MODEC, Inc. for EPCI of FPSO for ExxonMobil Guyana’s Hammerhead project in Guyana.
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 EPCI.
The LNTP allows OFS to start activities related to the FPSO design to ensure the earliest possible project startup in 2029, should the project receive the necessary government approvals. The performance of the second phase (i.e., construction and installation) is subject to government and regulatory approval as well as project sanction by ExxonMobil Guyana Limited and its Stabroek Block co-venturers.
The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along with associated gas and water. It will be moored at a water depth of approximately 1,025 meters.
This is OFS’s 4th order for an FPSO project from MODEC.
TOYO will contribute to the advancement of the offshore energy sector in Guyana, through this project.
Source: Toyo Engineering