Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project
Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project
Yesterday, Exxon Mobil Corporation (NYSE:XOM) awarded a large contract to TechnipFMC (NYSE:FTI) for its Guyana's Stabroek Block.
As per the terms, TechnipFMC will supply subsea production systems for the Whiptail project.
In particular, TechnipFMC will offer project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
For TechnipFMC, a "large" contract is between $500 million and $1 billion. This award will be included in inbound orders in the second quarter of 2024.
Jonathan Landes, President, Subsea at TechnipFMC, said: "ExxonMobil Guyana will utilize our Subsea 2.0 systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana – the location of one of the world's fastest developing basins – and we look forward to deepening our relationship with them through Whiptail."
Last week, Exxon and Hess Corporation (NYSE:HES) made a final investment decision for the Whiptail development offshore Guyana following receiving the required government and regulatory approvals.
The Whiptail project, worth $12.7 billion, will target an estimated resource base of more than 850 million barrels of oil and include up to 10 drill centers with 48 production and injection wells.
Investors can gain exposure to the XOM stock via Energy Select Sector SPDR Fund (NYSE:XLE) and IShares U.S. Energy ETF (NYSE:IYE).
Price Action: XOM shares are down 0.74% at $118.807 on the last check Tuesday.
Photo: Del Henderson Jr. via Shutterstock
Yesterday, Exxon Mobil Corporation (NYSE:XOM) awarded a large contract to TechnipFMC (NYSE:FTI) for its Guyana's Stabroek Block.
昨天，埃克森美孚公司（紐約證券交易所代碼：XOM）向TechnipFMC（紐約證券交易所代碼：FTI）授予了圭亞那Stabroek區塊的大型合同。
As per the terms, TechnipFMC will supply subsea production systems for the Whiptail project.
根據條款，TechnipFMC將爲Whiptail項目提供海底生產系統。
In particular, TechnipFMC will offer project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
特別是，TechnipFMC將提供項目管理、工程和製造服務，以交付48棵海底樹木和相關工具，以及12個歧管和相關的控制和配套設備。
For TechnipFMC, a "large" contract is between $500 million and $1 billion. This award will be included in inbound orders in the second quarter of 2024.
對於TechnipFMC來說，一份 “大型” 合同在5億美元至10億美元之間。該獎勵將包含在2024年第二季度的入庫訂單中。
Jonathan Landes, President, Subsea at TechnipFMC, said: "ExxonMobil Guyana will utilize our Subsea 2.0 systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana – the location of one of the world's fastest developing basins – and we look forward to deepening our relationship with them through Whiptail."
TechnipFMC海底總裁喬納森·蘭德斯表示：“埃克森美孚圭亞那將使用我們的Subsea 2.0系統和歧管，這有助於確定時間表。我們已經爲埃克森美孚圭亞那交付了100多棵海底樹木，埃克森美孚圭亞那是世界上發展最快的盆地之一，我們期待通過Whiptail深化與他們的關係。”
Last week, Exxon and Hess Corporation (NYSE:HES) made a final investment decision for the Whiptail development offshore Guyana following receiving the required government and regulatory approvals.
上週，埃克森和赫斯公司（紐約證券交易所代碼：HES）在獲得必要的政府和監管部門批准後，對圭亞那近海的Whiptail開發項目做出了最終的投資決定。
The Whiptail project, worth $12.7 billion, will target an estimated resource base of more than 850 million barrels of oil and include up to 10 drill centers with 48 production and injection wells.
價值127億美元的Whiptail項目預計資源基礎將超過8.5億桶，包括多達10個鑽探中心和48口生產和注入井。
Investors can gain exposure to the XOM stock via Energy Select Sector SPDR Fund (NYSE:XLE) and IShares U.S. Energy ETF (NYSE:IYE).
投資者可以通過能源精選板塊SPDR基金（紐約證券交易所代碼：XLE）和iShares美國能源ETF（紐約證券交易所代碼：IYE）獲得XOM股票的敞口。
Price Action: XOM shares are down 0.74% at $118.807 on the last check Tuesday.
價格走勢：在週二的最後一次支票中，XOM股價下跌0.74％，至118.807美元。
Photo: Del Henderson Jr. via Shutterstock
照片：小德爾·亨德森通過 Shutterstock
譯文內容由第三人軟體翻譯。
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