Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement process, qualification criteria, bid evaluation criteria, performance standards, and lessons learned from previous bidding processes.
With its entry into Guyana, MODEC is bound by the Local Content Act which mandates the utilization of Guyanese goods and services. The Local Content Secretariat approved the company’s 2024 Local Content Annual Plan a month ago.
ExxonMobil hired MODEC to deliver the Errea Wittu floating production, storage and offloading (FPSO) vessel for the Uaru project. This award was MODEC’s top revenue generator in terms of engineering, procurement, construction and installation (EPCI) awards.
MODEC’s awards to international service providers this year for FPSO-related work include:
- Installation and integration of topside modules (Seatrium)
- Supply of large-capacity marine compressed air system (TMC Compressors)
- Provision of electrical system and digital solutions (ABB)
- Pre-installation of mooring spread (Jumbo Offshore)
The Errea Wittu FPSO is expected to target an initial oil production rate of 250,000 barrels of oil per day (b/d), water injection capacity of 350,000 b/d, 540 million cubic feet per day (mcf/d) of gas production and a storage capacity of two million barrels of oil.
Errea Wittu will be the fifth FPSO to be deployed offshore Guyana and will lift total oil production over 1.1 million b/d after first oil, scheduled for 2026.
ExxonMobil is the operator of the Stabroek Block, where all the currently sanctioned FPSOs will be placed. Its 45% stake is joined by Hess’ 30% stake and CNOOC’s 25%.
