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Exxon selects American company to conduct marine survey for 6th project
Kaieteur News- ExxonMobil Guyana Limited has selected New Wave Offshore Energy to conduct the Marine Warranty Survey (MWS) for its sixth project, Whiptail, in the Stabroek Block.
Exxon selects American company to conduct marine survey for 6th project
New Wave Offshore Energy advises oil & gas and renewables majors on safely executing marine operations worldwide.
In a recent statement, the company explained that the marine warranty services contract encompasses risk management and safety oversight support for the US$12.7 billion project.
In April 2024, ExxonMobil received government approval for the Whiptail development, which will target an estimated resource base of more than 850 million barrels of oil and include up to 10 drill centers and 48 production and injection wells. This development will be supported by a floating production, storage and offloading (FPSO) vessel named “Jaguar”. The project is expected to produce 250,000 barrels per day (bpd) and is expected to start production by the end of 2027.
New Wave Offshore Energy’s scope of work involves marine warranty services across multiple phases of the project, including overseeing safe transportation and installation (T&I) operations. New Wave Offshore Energy will provide an impartial review of the operation, to ensure that the agreed warranties of the project are met, while delivering value-added expertise.
“The Whiptail MWS award underscores New Wave Offshore’s growth and our commitment to supporting ExxonMobil Guyana’s offshore operations,” said Kyle Eddings, Founder and Chief Executive Officer.
He added, “We are thankful to ExxonMobil Guyana for the confidence they have placed in our technical capabilities, and we look forward to strengthening the partnership we have built working together over the past five years.”
“Our marine warranty survey capabilities combine specialized technical skills with a deep understanding of offshore energy project dynamics,” explained Megan Eddings, New Wave Offshore’s Chief Strategy Officer.
Eddings said too, “The Whiptail contract award demonstrates progress in our strategy to be a leading marine assurance provider in the international offshore energy industry, and we are excited to demonstrate our capability to support complex, high-value infrastructure developments.”
(Exxon selects American company to conduct marine survey for 6th project)
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