TechnipFMC Wins Subsea Contract From Exxon Mobil Subsidiary in Guyana
01 October 2020 - 3:59PM
Dow Jones News
By Olivia Bugault
TechnipFMC PLC said Thursday that it has won a contract from
Exxon Mobil Corp. subsidiary Esso Exploration and Production Guyana
Ltd. for the subsea system of a project in Guyana.
Under the contract--which is worth between $500 million and $1
billion--the company will manufacture and deliver the subsea system
for the proposed Payara project, TechnipFMC said. It includes "41
enhanced vertical deep water trees and associated tooling, six
flexible risers and ten manifolds along with associated controls
and tie-in equipment," the oil-and-gas sector company said.
Payara is the second oil discovery in the Stabroek Block which
is located roughly 193 kilometers offshore Guyana, TechnipFMC
said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
October 01, 2020 01:44 ET (05:44 GMT)
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