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Other Disclosures6269MODEC,INC.Machinery

First FPSO for Guyana, Errea Wittu, arrives in the country

The FPSO Errea Wittu, built for ExxonMobil Guyana, arrived in Guyana on 20 August 2026. Following its arrival, final preparations and commissioning will be carried out ahead of production start-up, and the Company also plans to provide operations and maintenance services.

Worth reading
80Important
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
2000000
Approximately 2 million barrels (crude oil storage capacity)
Wording
Conditional
How definitive the wording is.

Announced details

FPSO Errea WittuSOFEC® Spread Mooring SystemFPSO operations and maintenance services
Applicable field (uses covered by this announcement)

Resource development at the Snoek, Mako and Uaru fields in the Stabroek Block offshore Guyana; floating offshore oil and gas production, storage and offloading

Launch date20 August 2026 (the FPSO's arrival in Guyana; actual). The start dates for crude oil and gas production and for operations and maintenance services are Not disclosed
What the company reported numerically
Quantitative Effects

The project is stated to contribute to lower CO2 emissions, improved operating efficiency, predictive detection of equipment failures and enhanced process safety, but quantitative figures for these effects are Not disclosed

Usage history

The 18th FPSO/FSO project for South America. It is not specified whether this refers to cumulative project experience or the track record for the current project.

Relationship between the counterparty and the company
MODEC,INC.6269
Relationship with the Company

The Company developed the FPSO for ExxonMobil Guyana. The Company also plans to provide operations and maintenance services to its customer, ExxonMobil Guyana.

CounterpartyExxonMobil Guyana
Location (as indicated in this announcement)

An offshore area approximately 200 kilometers from Guyana, at a water depth of 1,690 meters (planned installation site)

Crude oil storage capacity: approximately 2 million barrels

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredFPSO Errea Wittu, SOFEC® Spread Mooring System, FPSO operations and maintenance services
CounterpartyExxonMobil Guyana
Relationship with the CompanyThe Company developed the FPSO for ExxonMobil Guyana. The Company also plans to provide operations and maintenance services to its customer, ExxonMobil Guyana.
Launch date20 August 2026 (the FPSO's arrival in Guyana; actual). The start dates for crude oil and gas production and for operations and maintenance services are Not disclosed
Applicable areaResource development at the Snoek, Mako and Uaru fields in the Stabroek Block offshore Guyana; floating offshore oil and gas production, storage and offloading
LocationAn offshore area approximately 200 kilometers from Guyana, at a water depth of 1,690 meters (planned installation site)
Location scaleCrude oil storage capacity: approximately 2 million barrels
Quantitative EffectsThe project is stated to contribute to lower CO2 emissions, improved operating efficiency, predictive detection of equipment failures and enhanced process safety, but quantitative figures for these effects are Not disclosed
Usage historyThe 18th FPSO/FSO project for South America. It is not specified whether this refers to cumulative project experience or the track record for the current project.
Items this document does not state (9)
Counterparty overviewContract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To carry out final offshore preparation work and commissioning after the FPSO's arrival in Guyana, ahead of the start of crude oil and gas production. The Company will also contribute to improving reliability, maintaining stable operations and achieving high performance after operations begin.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
First FPSO for Guyana, Errea Wittu, arrives in the country | MODEC,INC. (6269) timely disclosure | Komori