ExxonMobil will not be using the Netherlands-headquartered SBM Offshore to build its fifth planned FPSO as it has signed a contract with Japanese floating oil and gas production systems provider, MODEC to build the vessel to support its planned Uaru project.
“Yes, it’s true…this is all MODEC,” ExxonMobil Media Relations Advisor Kwesi Isles yesterday confirmed with Stabroek News.
It was MODEC which shared the news that it had reached a contract agreement with the US oil major to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil’s “Uaru” oil field development project in the Stabroek Block.
