DeepOcean enters Guyana after securing major contract with ExxonMobil

DeepOcean enters Guyana after securing major contract with ExxonMobil 

Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas.

MPSV Siem Day. Source: DeepOcean

Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, and subsea IMR work at ExxonMobil Guyana’s operations at the Stabroek Block, 120 miles (about 193 kilometers) offshore Guyana.

“This is our first major contract with ExxonMobil in the Americas and our market entry into the exciting Guyana market. We consider this is a confirmation of our team’s expertise and the technical solutions we bring to the table,” said Tony Stokes, President of DeepOcean’s American operation.

DeepOcean is set to deploy the Siem Day multi-purpose vessel (MPSV) in order to conduct subsea operations, and it is also equipped with a 250te crane.

Siem Day has a large deck space, dynamic positioning systems, as well as dual ROV spreads, which ensure superior performance and maximum productivity, according to the company.

“We are highly committed to delivering high-quality subsea services and solutions, and we look forward to working closely with ExxonMobil Guyana to support their operations in the various field developments in the Stabroek Block,” said Stokes.

The Stabroek Block is said to be one of the world’s most promising oil and gas discoveries, with estimated recoverable resources exceeding eight billion oil-equivalent barrels to date.

ExxonMobil Guyana operates the block and holds 45% interest while its partners, Hess Guyana Exploration and CNOOC Petroleum Guyana Limited, hold 30% and 25% interest, respectively.

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ExxonMobil plans to have six FPSOs on the Stabroek block by year-end 2027, with the potential for up to ten FPSOs to develop the estimated gross discovered recoverable resources of more than 11 billion barrels of oil equivalent.