Published On: Fri, Oct 2nd, 2020

Payara field development project : TechnipFMC wins contract for subsea system

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has been bagged a contract from ’s subsidiary for delivering the subsea system for the $9bn development project.

The value of the contract is in the range of $500 million and $1 billion.

Under the contract, TechnipFMC will be engaged in the manufacturing and supply of the subsea production system for the offshore oil project in Guyanese waters.

The subsea production system comprises 41 vertical deep water trees and associated tooling, half a dozen flexible risers, and ten manifolds along with associated controls and tie-in equipment.

TechnipFMC wins contract for the subsea system of the Payara field development project.

TechnipFMC wins contract for the subsea system of the Payara field development project. Photo courtesy of TechnipFMC plc.

Arnaud Pieton – TechnipFMC Subsea President, commenting on the contract for the Payara field development project, said: “We are delighted to take the next step in the partnership established with ExxonMobil and the country of Guyana for their subsea developments.

“As a continuation from Liza phase 1 and 2, this award is a tribute to the value created through this partnership and will also lead to growing further TechnipFMC’s local presence in Guyana.

“We continue to develop and deliver the most advanced proven subsea technologies enabling these developments with the schedule certainty required for the Payara Project first oil.”

In support of the Payara field development project, TechnipFMC said that it will continue recruiting and training Guyanese engineers.

The contract announcement follows a final investment decision (FID) taken on the Payara oil project by ExxonMobil and its Stabroek Block partner Hess.

The two companies are partnered by CNOOC in the Stabroek Block, which has seen a total of 18 discoveries so far.

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