MODEC, Inc. has announced that it has been awarded the full Engineering, Procurement, Construction, and Installation (EPCI) scope to develop a Floating Production Storage and Offloading (FPSO) vessel for ExxonMobil Guyana’s Hammerhead Project, following a Final Investment Decision (FID).
In April 2025, MODEC received a Limited Notice to Proceed (LNTP), which allowed it to begin FPSO design activities to support an early startup target in 2029, pending required government approvals. The company has since completed Phase One of the contract- Front-End Engineering and Design (FEED)- and is now advancing Phase Two, EPCI execution readiness, in line with project governance.
“We are honored to be entrusted with the full EPCI scope for Hammerhead. This award reflects MODEC’s integrated capabilities to design, build and operate- from concept and FEED through to safe execution and timely delivery of the project,” said Soichi Ide, Head of Floating Production Solutions Business Unit of MODEC.
He added that the milestone builds on progress made on the Uaru Project and demonstrates the momentum of collaboration with ExxonMobil Guyana.
The Hammerhead FPSO will have an initial average production capacity of 150,000 barrels of oil per day, along with associated gas and water. It will be moored at a depth of about 1,025 metres using SOFEC’s Spread Mooring System.
This vessel will be MODEC’s second FPSO for Guyana, following the Errea Wittu, which is currently under construction for ExxonMobil’s Uaru Project. MODEC will also provide ExxonMobil with operations and maintenance services for Hammerhead’s FPSO for 10 years after first oil.
