ExxonMobil could install as many as 10 floating production, storage and offloading vessels, or FPSOs, at the Stabroek block off the coast of Guyana, the company's manager for deepwater projects
We expect to have five FPSOs in operation in Guyana by 2026 and see the potential for a total of seven to 10 FPSOs," ExxonMobil's Jayme Meier told the Rio Oil & Gas 2020 digital conference.
Santos has awarded a $4.6bn contract to BW Offshore to supply the floating production, storage, and offloading (FPSO) vessel for the $3.6bn Barossa offshore gas and condensate project in Australia
BW Offshore plans to build the FPSO in South Korea and Singapore. The processed natural gas from the FPSO will be exported to the Darwin LNG plant via the Darwin pipeline system.
Dyna-Mac Holdings has secured a fabrication project from BW Offshore group for a total estimated contract value of $197 million on May 24.
BW Offshore group is a repeat customer of the group.The contract, which was signed by a wholly-owned subsidiary of the BW Offshore group, is for the supply, fabrication and construction of Topside Modules for the Barossa Floating Production Storage Offloading (FPSO) vessel.
The win brings Dyna-Mac’s order book to $368 million to-date, with deliveries up to 2023.
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Dyna-Mac Holdings, which fabricates topside modules for the oil and gas industry, has also attracted the analysts' interest with its rising order book of S$227 million as at November last year.
The company also announced that it would reposition its business to pursue opportunities in the global green hydrogen market, which is adjacent to its core capabilities.
"In conjunction with this, (Dyna-Mac) is currently evaluating the need to expand its yard facilities to fulfil potential demand by increasing its production capacity, maximising operational synergies and to undertake new green hydrogen projects," said the analysts, adding that the counter trades at historical P/BV of 3.2 times
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