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Oil Field Development Project News

01 Nov 2022

MODEC Confirms FPSO FEED for Exxon's Uaru Oil Field Offshore Guyana

Credit: MODEC

Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana.The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related to the FPSO design and to secure the second M350TM hull for FPSO service.Following FEED and subject to government approvals in Guyana of the development plan…

10 Jan 2013

Huge Offshore Engineering Contract for CB&I

US-based CB&I wins a project contract worth US$250-million from Korea's Daewoo Shipbuilding & Marine Engineering Co, Ltd. (DSME). CB&I's scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is part of the Mariner oil field development project being operated by Statoil in the UK North Sea. The Mariner heavy oil field is located on the East Shetland Platform of the UK North Sea, approximately 150 kilometers east of the Shetland Isles. Pending final approval of the field development plan by the UK authorities, Statoil expects to start production from Mariner in 2017. The field is estimated to produce for 30 years with an average production of around 55,000 barrels of oil per day.

29 Oct 2004

Bids Out for Marathon Oil Tanker Conversion

Tenders are currently being sought for the conversion of the Norwegian owned 2001-built, 91,676 dwt crude oil tanker Odin into an FPSO for operation in Marathon Oil’s Alvheim oil field development project in the North Sea. Marathon Oil expects to announce the shipyard that will convert the vessel in the early part of next year. Conversion of the Aframax tanker will result in an FPSO with an oil storage capacity of 560,000 barrels. The Alvheim field is expected to begin operations in 2007.