TechnipFMC wins $1 billion subsea contract for ExxonMobil’s Whiptail oil project offshore Guyana

(WO) – TechnipFMC has been awarded a “large”  contract in the Stabroek block offshore Guyana by Exxon Mobil Corporation affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail oil project. According to a company statement, the contract is worth between $500 million and $1 billion.

TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.

Jonathan Landes, President, Subsea at TechnipFMC, commented, “ExxonMobil Guyana will utilize our Subsea 2.0® systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana – the location of one of the world’s fastest developing basins – and we look forward to deepening our relationship with them through Whiptail.”

ExxonMobil announced Friday that it had sanctioned the Whiptail oil project. The Stabroek development offshore Guyana is expected to produce approximately 250,000 bpd by 2027.

TechnipFMC currently employs nearly 140 Guyanese people and expects to continue to hire and train additional local staff in support of this award.

Whiptail is TechnipFMC’s most recent award from ExxonMobil Guyana, where the Company has been awarded subsea production system contracts since the first contract award in 2017 for Liza Phase 1.