Photo: Image for illustrative purposes only. Source: DOF Subsea

ExxonMobil books DOF Subsea vessels offshore Guyana

Norwegian DOF Subsea has secured a three-year contract for two multipurpose support construction vessels (MPSVs) with Esso Exploration & Production Guyana.

DOF Subsea will perform inspection, maintenance, and repair (IMR), well-intervention support, and light subsea construction activities to support the “growing” subsea infrastructures in the Stabroek Block offshore Guyana.

The two MPSVs, featuring 250-ton AHC cranes and work-class ROV systems, will be deployed in Guyana for three-year terms, plus two years options.

The first vessel will mobilize late this month, while the second is planned to commence work in January 2023.

Mons S Aase, CEO of DOF Subsea said: “I am extremely happy with this contract award from ExxonMobil Guyana, and entering the important and flourishing Guyanese market. The award further underlines DOF’s leading position in the IMR segment.”

DOF Subsea and Esso are also collaborating in Australia under a long-term contract signed earlier this year for an MPSV.

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The Stabroek Block, located approximately 120 miles offshore Guyana, has a surface of 26,800 square kilometers.

Esso Exploration and Production Guyana, an ExxonMobil affiliate, is the operator and holds a 45 per cent interest. Hess holds a 30 per cent interest and CNOOC Petroleum Guyana holds a 25 per cent interest.

ExxonMobil sanctioned its fourth and largest to-date oil development on the Stabroek Block at the beginning of April. Shortly after, the oil major announced it had made three new discoveries offshore Guyana.