SBM Offshore has been awarded contracts to perform FEED for an FPSO for the Yellowtail development project offshore Guyana. FPSO operator SBM Offshore has been awarded contracts to perform front-end engineering and design (FEED) for an FPSO for the Yellowtail development project offshore Guyana. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited to begin FEED activities and secure a Fast4Ward hull. According to SBM, this will be the largest producing unit ever built by SBM. Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil, and the release of the second phase of work, SBM Offshore will construct, install, and then lease the FPSO and operate it for a period of up to 2 years. First oil is expected in 2025. SBM Offshore will design and construct […]