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PROJECT PROFILE · FPSO

Whiptail

The sixth Stabroek development, centered on FPSO Jaguar

Under construction

Project Overview

Whiptail is the sixth offshore development in the Stabroek Block and is operated by ExxonMobil Guyana Limited. Stabroek interests are ExxonMobil Guyana 45%, Hess Guyana 30% and CNOOC Petroleum Guyana 25%. The project will be developed through FPSO Jaguar and is targeting first oil in 2027.

FPSO and Delivery Model

FPSO Jaguar uses SBM Offshore’s seventh newbuild Fast4Ward MPF concept; the MPF 5 hull assigned to the project was built by Shanghai Waigaoqiao Shipbuilding. The FPSO has design oil-processing capacity of 250,000 barrels per day and storage of approximately 2 million barrels. SBM Offshore is building and installing the unit under a Sale & Operate model, with ownership transferring to ExxonMobil Guyana before installation. Seatrium is fabricating modules and completing integration. SBM Offshore is expected to operate and maintain the FPSO for approximately ten years after start-up.

Key Milestones

  1. FID and FPSO award

    Whiptail moves into full execution and SBM Offshore receives the FPSO Jaguar construction and installation contract.

  2. Modules and integration award

    Seatrium receives topsides and overall integration scope.

  3. Module lifting and integration

    The project continues to advance on schedule.

  4. Target first oil

    The current planned start-up milestone.

FPSO Construction and Execution Scope

Workstream Executing Party Scope Status
Overall FPSO delivery SBM Offshore Construction and installation of FPSO Jaguar under the Sale & Operate model In progress
Hull construction Shanghai Waigaoqiao Shipbuilding Fast4Ward MPF 5 hull Completed
Modules and integration Seatrium Topsides modules, associated structures and integration In progress
Operations and maintenance SBM Offshore Planned O&M for approximately ten years after start-up Pre-start-up

Portfolio Navigation

Participants and roles

Key participants and their project roles.

  • United States

    ExxonMobil
    Operator

    Project operator and future owner of the Jaguar FPSO.

    Scope
    Ownership and governance
    Relationship start
    12 Apr 2024

  • Netherlands

    SBM Offshore
    EPCI contractor

    Construction and installation of the Jaguar FPSO under the Sale and Operate model.

    Scope
    Offshore facilities and operations
    Relationship start
    12 Apr 2024
    Shipowner / lessor

    Planned operation of the FPSO for approximately 10 years after start-up under the operations and maintenance framework.

    Scope
    Offshore facilities and operations
    Relationship start
    12 Apr 2024

  • Singapore

    Seatrium Limited
    Integration assembler

    Topsides fabrication and overall integration work for the Jaguar FPSO.

    Scope
    Offshore facilities and operations
    Relationship start
    16 May 2024

  • China

    Shanghai Waigaoqiao Shipbuilding Co., Ltd.
    Hull builder

    Construction and delivery of the Fast4Ward MPF 5 hull used for FPSO Jaguar.

    Scope
    Offshore facilities and operations
    Relationship start
    2022