Aker Solutions wins “sizeable” subsea contract from ExxonMobil Guyana worth up to $140 million

World Oil Staff May 19, 2023

(WO) – Aker Solutions has been awarded a sizeable contract from ExxonMobil's Guyana affiliate to provide dynamic and static subsea umbilical for the Uaru project offshore Guyana. According to a statement, the contract is valued between $46 million and $140 million.

subsea umbilical for ExxonMobil Guyana's Uaru field project
Courtesy of Aker Solutions

The contract includes delivery of three dynamic and seven static umbilicals totaling over 52 kilometers in length. Project execution, engineering, and manufacturing will take place at the Aker Solutions facility in Mobile, Alabama. The work will begin immediately, and delivery is planned for the first quarter of 2026.

The Uaru field is part of ExxonMobil Guyana’s Starbroek project and is expected to add approximately 250,000 bbl of daily capacity after targeted start-up in 2026. 

These projects constitute an important portfolio of work in one of the most exciting basins in the world. The contract will be booked as order intake in the Subsea segment for the second quarter of 2023.

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