Japanese floater specialist Modec has won the front-end engineering and design contract for the floating production, storage and offloading vessel destined for ExxonMobil’s Uaru field development on its prolific Stabroek block offshore Guyana, which will be the contractor’s first FPSO in the South American nation.
The FEED workscope relates to the FPSO’s design while the related funding enables Modec to secure the second M350 hull for FPSO service.
Modec on Tuesday said it would design and then construct the FPSO based on its M350 newbuild design and Uaru will be the second such hull deployment.
