DeepOcean secures contract with ExxonMobil Guyana for subsea services

Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country’s market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and IMR (inspection, maintenance, and repair) services.

Tony Stokes, President of DeepOcean’s American operation, expressed enthusiasm about the contract, stating, “We consider this is a confirmation of our team’s expertise and the technical solutions we bring to the table.”

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Under the agreement, DeepOcean will undertake a comprehensive scope of subsea activities, including subsea construction, jumper installations, and subsea IMR work, at the Stabroek block.

To execute the tasks, DeepOcean will deploy the Siem Day multi-purpose support vessel (MPSV). The vessel is equipped with cutting-edge technology, including a 250-tonne crane, advanced dynamic positioning systems, and dual remotely-operated vehicle (ROV) spreads, which it says ensures superior performance and maximum productivity even in the harshest offshore environments.

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Stokes reiterated DeepOcean’s commitment to delivering high-quality subsea services and solutions, and added, “We look forward to working closely with ExxonMobil Guyana to support their operations in the various field developments in the Stabroek block.”

Over 30 discoveries have been made in the Stabroek block. Three massive floating oil production vessels are in operation – the Liza Destiny, the Liza Unity and Prosperity.  By 2026, the ONE GUYANA and Errea Wittu will be online.

Exxon holds operatorship of the Stabroek block with a 45% stake, while Hess holds 30% and CNOOC holds 25%.