ExxonMobil Guyana Ltd. has let a Phase 2 contract to MODEC Inc. for a floating production storage, and offloading (FPSO) vessel for the Hammerhead project.
The contract is for a full engineering, procurement, construction, and installation (EPCI) scope of work and follows the Phase One front-end engineering and design (FEED) contract.
In April 2025, MODEC received a limited notice to proceed (LNTP) enabling it to commence FPSO design activities to support the earliest possible startup in 2029, subject to required government approvals. Phase One has since been completed and MODEC is advancing Phase Two.
The Hammerhead FPSO will have the capacity to produce 150,000 b/d of oil, along with associated gas and water. It will be moored at a water depth of about 1,025 m using a spread mooring system.
Hammerhead will be MODEC’s second FPSO for use in Guyana, following Errea Wittu, which is being built for ExxonMobil Guyana’s Uaru project. As with Uaru , MODEC will provide ExxonMobil with operations and maintenance services for the FPSO for 10 years from first oil.
