SBM Offshore will construct and install FPSO Jaguar

April 12, 2024
SBM Offshore has been awarded contracts from ExxonMobil Guyana for the Whiptail development project in the Stabroek Block offshore Guyana. 

Offshore staff

SCHIEDAM, Netherlands SBM Offshore has been awarded contracts from ExxonMobil Guyana Ltd. (EMGL) for the Whiptail development project in the Stabroek Block offshore Guyana. 

SBM Offshore will construct and install FPSO Jaguar.

Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under an operations and maintenance agreement signed in 2023. The award follows completion of FEED studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.

The Whiptail development is the sixth development within the Stabroek Block, about 200 km offshore Guyana.

EMGL is the operator and holds a 45% interest in the Stabroek Block with partners Hess Guyana Exploration Ltd. (30%) and CNOOC Petroleum Guyana Ltd. (25%).

The FPSO Jaguar’s design is based on SBM Offshore’s Fast4Ward program, which incorporates the company’s seventh newbuild, multipurpose floater hull combined with several standardized topsides modules, SBM said. The FPSO will be designed to produce 250,000 bbl/d of oil, will have associated gas treatment capacity of 540 MMcf/d and water injection capacity of 300,000 bbl/d. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store about 2 MMbbl of crude oil.

04.12.2024