SBM Offshore Hooks ExxonMobil’s Jaguar FPSO Contract

SBM Offshore has secured a contract from ExxonMobil to construct and install the Jaguar FPSO for the Whiptail development project located in the Stabroek Block in Guyana.

The ownership of the Jaguar FPSO will be transferred to ExxonMobil Guyana Limited (EMGL) prior to the unit’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the operations and maintenance enabling agreement signed in 2023.

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 barrels of oil per day, will have associated gas treatment capacity of 540 million cubic feet per day and water injection capacity of 300,000 barrels per day.

The unit will be spread moored in water depth of about 1,630 meters and will be able to store around 2 million barrels of crude oil.

The award follows 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 Whiptail development is the sixth development within the Stabroek block, circa 200 kilometers offshore Guyana.

EMGL is the operator and holds a 45% interest in the Stabroek block, Hess Guyana Exploration holds a 30% interest and CNOOC Petroleum Guyana, holds a 25% interest.