DOF Group wins contract for Hammerhead FPSO project in Guyana

Core Insights - DOF Group has secured a large turnkey contract from MODEC Guyana for mooring pre-lay services related to the Hammerhead FPSO project in Guyana [1][3] - The offshore operations for this contract are scheduled to begin between Q2 and Q3 of 2027, utilizing specific vessels for installation tasks [2] - The Hammerhead FPSO project has a total investment of $6.8 billion and is expected to produce first oil by 2029, with significant production and storage capacities [4][5] Group 1 - DOF's North America subsea team will manage project management, engineering, procurement, logistics, and installation activities for the Hammerhead FPSO project [1] - The Hammerhead FPSO will operate at a water depth of 1,025 meters and will utilize a SOFEC Spread Mooring system [4] - The FPSO is designed to have a storage capacity of 1,600,000 barrels and a production capacity of 150,000 barrels of oil per day [5] Group 2 - ExxonMobil Guyana, which operates the Stabroek block, holds a 45% interest in the project, while Chevron and CNOOC Petroleum Guyana hold 30% and 25% stakes, respectively [6] - The Hammerhead project will include 18 production and injection wells, marking it as the seventh project on the Stabroek block [5] - DOF's CEO expressed satisfaction with the company's recognition as a global turnkey contractor, highlighting its expertise in subsea and mooring installation [3]