SBM Offshore to build FPSO Jaguar for ExxonMobil’s Whiptail oil and gas project offshore Guyana

(WO) – ExxonMobil Guyana has awarded contracts to SBM Offshore to build and install the FPSO Jaguar on it’s recently-sanctioned Whiptail oil and gas project in the Stabroek block offshore Guyana.

Ownership will transfer to ExxonMobil prior to the FPSO’s installation offshore Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the Operations and Maintenance Enabling Agreement signed in 2023.

The award follows the completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.

The FPSO Jaguar’s design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s 7th new build, multi-purpose floater hull combined with several standardized topsides modules. The FPSO will be designed to produce 250,000 bopd, will have associated gas treatment capacity of 540 MMcfd and water injection capacity of 300,000 bpd. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store around 2 MMbbl of crude oil.

The Whiptail oil and gas development is the sixth development within the Stabroek block, 200 km offshore Guyana. ExxonMobil is the operator and holds a 45% interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30% interest and CNOOC Petroleum Guyana Limited, holds a 25% interest.