MODEC awarded FEED contract for ExxonMobil's "Uaru" project in Guyana
MODEC will design and construct the FPSO based on its M350 new-build design
Stay updated with breaking news from Floating Production. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
MODEC will design and construct the FPSO based on its M350 new-build design
MODEC has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the 'Uaru' development project.
An ABS-led consortium has spent the last year identifying operational and safety challenges with aging FPSOs. For the future, these challenges require changes in the design phase to mitigate some issues and costs for retrofitting and further changes.
Guyana’s President Irfaan Ali says some of the oil blocks to be auctioned this year will be set aside for government-to-government
Georgetown, Guyana – President Irfaan Ali on Tuesday said that some of the oil blocks to be auctioned this year will be set aside for government-to-government partnerships in the future. “As you know, we have some blocks that we are going to auction off very soon…and we have some blocks that are set aside for government-to-government partnerships and we are looking at all of our strategic partners with these blocks,” …