Monday, August 8, 2022

Gas-to-Energy: Exxon hires TechnipFMC to install risers, pipelines

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TechnipFMC said Monday it was awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas-to-Energy Project in Guyana.

The company said ‘significant’ refers to agreements valued between US$75 million and US$200 million. The funds will pay for the engineering, procurement, construction and installation of the subsea risers and pipelines.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “The Gas to Energy Project is another example of how we are helping deliver the energy the world needs, and we are thrilled to be supporting another project in Guyana. We remain proud of our dedicated Guyanese employees and are committed to the continued development and expansion of local capabilities.”

TechnipFMC said it currently employs more than 85 Guyanese, and expects to continue to hire and train additional local staff in support of this award.

The company said the full contract award will not be included in inbound orders until the project receives final investment decision and government approvals.

Exxon also awarded a contract for the offshore pipeline to Subsea 7 and the Dutch maritime contracting company, Van Oord, last week.

The Stabroek Block partners are expected to make the final investment decision (FID) by the end of the year. The application for environmental authorisation is with the Environmental Protection Agency (EPA).

Meanwhile, the Guyana government is also in the process of procuring expertise to cater to the aspect of the project it is responsible for – an integrated natural gas liquids (NGL) plant and 300 megawatts (MW) combined cycle gas turbine (CCGT) power plant.

The Gas-to-Energy project is expected to deliver a wide array of transformational benefits for Guyana.

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