By Saskia Warrick | November 12, 2024
Three local fabricating companies are playing a pivotal role in the construction of the Whiptail Jaguar Floating Production Storage and Offloading (FPSO) unit, a project that marks a significant milestone in the oil and gas sector.
A steel strike ceremony was held earlier today to celebrate this achievement.
As the sixth offshore development in Guyana, the Whiptail Jaguar FPSO is set to begin oil production at an initial rate of 250,000 barrels per day.
This development is expected to push Guyana’s total oil production above 1.3 million barrels per day.
The FPSO will feature up to 10 drill centers, with 48 production and injection wells.
Local companies InFab, ZECO Group of Services, and Guyana Oil & Gas Support Services Inc. are fabricating more than 200 tons of steel structures for the FPSO.
This local involvement is a key part of ExxonMobil’s broader strategy to build capacity within the local workforce.
ExxonMobil Guyana President Alistair Routledge highlighted that the $55 billion US investment in this project is not only about developing infrastructure but also about empowering local human resources.
The project underscores ExxonMobil’s commitment to fostering the growth of local companies and skills in the oil and gas industry.
Minister of Natural Resources, Vickram Bharrat, commended the local companies for their commitment to high standards and urged them to adhere to the local content law as the oil and gas sector continues to expand.
The law requires a greater portion of the work in the sector to be carried out by local companies and workers.
SBM Offshore was awarded the contract by ExxonMobil to build and install the FPSO Jaguar, marking another major step in Guyana’s oil and gas development.