Floater heavyweights Modec of Japan and Netherlands-based SBM Offshore are fighting for a potential multibillion-dollar job covering the manufacture and supply of a large production unit to operate offshore Guyana for US supermajor ExxonMobil.

ExxonMobil is fast-tracking operations in Guyana, as the company aims to have as many as six floating production, storage and offloading vessels in operation at the prolific Stabroek block by 2027, shooting for a total processing capacity of more than 1 million barrels per day of oil by then.