Latest update February 28th, 2026 12:50 AM
Feb 27, 2026 News
(Kaieteur News) – German manufacturer Everllence has been contracted to supply four compressor trains to Japanese shipbuilder MODEC for a new Floating Production Storage and Offloading (FPSO) vessel to operate in the Hammerhead field in the Stabroek Block offshore Guyana.
Andrei Popescu, Director of Sales Oil & Gas, at Everllence USA Inc., said, “This major order for the Hammerhead field further underscores our role as a trusted technology provider in the rapid development of Guyana’s energy industry. It also reflects our ability to deliver reliable, state-of-the-art compression solutions for demanding offshore developments, in close collaboration with our partners and customers, across South America and beyond.”
Upon start-up, Everllence’s compressor systems will help maximize the quantity and efficiency of gas production from the Hammerhead field.
The scope of supply for the project includes a total of four barrel-type RB compressor trains: two as low-pressure gas compressors and two as export gas compressors.
The company said that all compressors will be electrically driven. While the low-pressure gas compressors will be driven with variable frequency drives (VFD), the export gas compressors will be driven with fixed speed drives. The compressors will be designed, manufactured and tested at Everllence’s facility in Zurich, Switzerland.
Notably, the scope further includes a comprehensive dynamic process simulation, enabling the compressor systems to operate at their full potential in terms of process efficiency.
Daniel Schmidli, Head of Sales Industries SEA at Everllence, added, “We are glad to support MODEC’s offshore development by supplying our proven compressor technology. Our solutions are designed for high availability and long-term performance, supported by comprehensive lifecycle services that help ensure reliable and safe operation of the FPSO in challenging deep-water environments.”
In October 2025, ExxonMobil Guyana Limited (EMGL) officially contracted MODEC for the full engineering, procurement, construction, and installation of the FPSO for its seventh project in the Stabroek Bock, months after it issued a limited notice to proceed (LNTP) a few months earlier.
The Government of Guyana in September issued a Petroleum Production Licence (PPL) for the US$6.8 billion Hammerhead project.
The Hammerhead development is located in the south-western portion of the Stabroek Block offshore Guyana and targets the Hammerhead reservoir. Hammerhead was announced as Exxon’s ninth commercial discovery in August 2018. The Hammerhead-1 well was drilled in a new reservoir, encountering approximately 197 feet (60 metres) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 metres) depth in 3,773 feet (1,150 metres) of water.
The vessel will be moored approximately 200 kilometers off the coast at a water depth of around 1,025 meters and will have an initial production capacity of 150,000 barrels of oil per day (bpd), bringing total installed storage capacity of 1.5 million barrels of oil.
Once operational, the new FPSO will contribute to Guyana’s growing role in the global energy market. First production is expected in 2029.
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