KOTUG Anchor Handler Secures Offshore Work in Guyana

October 14, 2020

World Energy Reports LLC.

Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana.

KOTUG, through local entity KOTUG Guyana Inc., will employ a high-spec 130 tonnes bollard pull, DP-2 azimuth anchor-handling tug SD Power to provide support to the existing and upcoming floating production, storage and offloading units (FPSO) at the Liza Field in the prolific Stabroek Block offshore Guyana by providing towage assistance to export tankers, infield support duties and cargo duties.

The Bahamas-flagged SD Power, formerly the BB Power, was built in 2015 at Vard Braila in Romania for ex-owner Buksér og Berging.

According to KOTUG, the contract for its newly acquired vessel marks the company's first in South America.

“Being part of the growing offshore oil and gas activities in the cooperative republic of Guyana and working together with one of world’s largest oil majors ExxonMobil for us is an important milestone and in line with our long-term strategy to grow our business in the FPSO support business,” said Ard-Jan Kooren, CEO of KOTUG International. “KOTUG believes that with its innovative and customer focused approach it can help clients meet their global commitments.”

ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing via the Liza Destiny FPSO in late 2019. Liza Phase 2, remains on track to begin producing oil by early 2022. It will produce up to 220,000 barrels of oil per day at peak rates using the Liza Unity FPSO, which is under construction in Singapore.

To date 18 discoveries on the 26,800-square-kilometer Stabroek Block have uncovered current discovered recoverable resources estimated at more than 8 billion oil-equivalent barrels, establishing the potential for at least five FPSOs producing more than 750,000 barrels of oil per day by 2026, according to ExxonMobil.

EEPGL is operator and holds 45% interest in the Stabroek Block, while Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25% interest.

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Free Sample Report