Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for FPSOs
Baker Hughes (NASDAQ: BKR) has secured a major multi-year contract from ExxonMobil Guyana to supply specialty chemicals and related services for the Uaru and Whiptail offshore developments in Guyana's Stabroek Block. The contract covers topsides, subsea, water injection, and utility chemicals for the Errea Wittu and Jaguar FPSO vessels, set to begin production in 2026 and 2027.
The developments will include up to 20 drill centers and 92 production and injection wells. Each FPSO will have a capacity of 250,000 barrels per day, contributing to Guyana's total daily production capacity of approximately 1.3 million barrels. Baker Hughes, which operates a multimodal supercenter in Georgetown, will leverage its local supply chains and expertise in oilfield and industrial chemicals to support these complex FPSO operations.
Baker Hughes (NASDAQ: BKR) ha ottenuto un contratto importante pluriennale da ExxonMobil Guyana per fornire prodotti chimici specializzati e servizi correlati per gli sviluppi offshore Uaru e Whiptail nel Blocco Stabroek della Guyana. Il contratto comprende prodotti chimici per impianti di superficie, sottomarini, iniezione d'acqua e utility per le navi FPSO Errea Wittu e Jaguar, che inizieranno la produzione rispettivamente nel 2026 e nel 2027.
Gli sviluppi includeranno fino a 20 centri di perforazione e 92 pozzi di produzione e iniezione. Ogni FPSO avrà una capacità di 250.000 barili al giorno, contribuendo alla capacità totale di produzione giornaliera della Guyana di circa 1,3 milioni di barili. Baker Hughes, che gestisce un supercentro multimodale a Georgetown, sfrutterà le proprie catene di approvvigionamento locali e l'expertise in prodotti chimici per l'industria e i campi petroliferi per supportare queste complesse operazioni FPSO.
Baker Hughes (NASDAQ: BKR) ha asegurado un importante contrato multianual con ExxonMobil Guyana para suministrar productos químicos especializados y servicios relacionados para los desarrollos offshore Uaru y Whiptail en el Bloque Stabroek de Guyana. El contrato abarca productos químicos para plataformas, subsea, inyección de agua y utilidades para los buques FPSO Errea Wittu y Jaguar, que comenzarán a producir en 2026 y 2027, respectivamente.
Los desarrollos incluirán hasta 20 centros de perforación y 92 pozos de producción e inyección. Cada FPSO tendrá una capacidad de 250,000 barriles por día, contribuyendo a la capacidad de producción diaria total de Guyana de aproximadamente 1,3 millones de barriles. Baker Hughes, que opera un supercentro multimodal en Georgetown, aprovechará sus cadenas de suministro locales y su experiencia en productos químicos para la industria y campos petroleros para apoyar estas complejas operaciones de FPSO.
베이커 휴스 (NASDAQ: BKR)는 엑슨모빌 가이아나로부터 가이아나 스태브로크 블록의 우아루와 휘프테일 해양 개발을 위한 특수 화학 물질 및 관련 서비스 공급을 위한 주요 다년 계약을 체결했습니다. 이 계약은 각각 2026년과 2027년부터 생산을 시작하는 에레아 위투 및 재과르 FPSO 선박을 위한 상부 구조, 해저, 수압 주입, 그리고 유틸리티 화학 물질을 포함합니다.
이 개발은 최대 20개의 드릴 센터와 92개의 생산 및 주입 우물을 포함할 것입니다. 각 FPSO의 용량은 하루 250,000 배럴이며, 이는 가이아나의 일일 총 생산 능력인 약 130만 배럴에 기여할 것입니다. 베이커 휴스는 조지타운에 있는 다중 모드 슈퍼센터에서 현지 공급망과 석유 및 산업 화학에 대한 전문 지식을 활용하여 이러한 복잡한 FPSO 운영을 지원할 것입니다.
Baker Hughes (NASDAQ: BKR) a obtenu un important contrat pluriannuel de ExxonMobil Guyana pour fournir des produits chimiques spéciaux et des services associés pour les développements offshore Uaru et Whiptail dans le bloc Stabroek de la Guyane. Le contrat couvre des produits chimiques pour les structures en surface, sous-marins, d'injection d'eau et d'utilitaire pour les navires FPSO Errea Wittu et Jaguar, qui commenceront leur production en 2026 et 2027.
Les développements comprendront jusqu'à 20 centres de forage et 92 puits de production et d'injection. Chaque FPSO aura une capacité de 250 000 barils par jour, contribuant à la capacité de production quotidienne totale de la Guyane d'environ 1,3 million de barils. Baker Hughes, qui exploite un supercentre multimodal à Georgetown, mettra à profit ses chaînes d'approvisionnement locales et son expertise en chimie pétrolière et industrielle pour soutenir ces opérations FPSO complexes.
Baker Hughes (NASDAQ: BKR) hat einen bedeutenden Mehrjahresvertrag von ExxonMobil Guyana erhalten, um Spezialchemikalien und verwandte Dienstleistungen für die Offshore-Entwicklungen Uaru und Whiptail im Stabroek-Block von Guyana zu liefern. Der Vertrag umfasst Chemikalien für Oberflächenanlagen, Unterwasseranwendungen, Wasserinjektion und Hilfsstoffe für die Errea Wittu und Jaguar FPSO-Schiffe, die 2026 bzw. 2027 mit der Produktion beginnen sollen.
Die Entwicklungen werden bis zu 20 Bohrzentren und 92 Produktions- und Injektionsbohrungen umfassen. Jedes FPSO wird eine Kapazität von 250.000 Barrel pro Tag haben und somit zur täglichen Gesamtproduktionskapazität von Guyana von etwa 1,3 Millionen Barrel beitragen. Baker Hughes, das ein multimodales Superzentrum in Georgetown betreibt, wird seine lokalen Lieferketten und Fachkenntnisse in der Öl- und Industriewoche nutzen, um diese komplexen FPSO-Betriebe zu unterstützen.
- Secured major multi-year chemicals contract for two FPSO vessels
- Projects will add 500,000 barrels per day total production capacity
- Established local supply chains in Guyana provide operational advantage
- Contract expands existing relationship with ExxonMobil in Guyana
- None.
Insights
The newly secured contract with ExxonMobil Guyana represents a significant strategic win for Baker Hughes, substantially expanding their footprint in one of the world's most promising offshore oil regions. The deal's scope is particularly noteworthy, covering comprehensive chemical solutions for two FPSOs with a combined capacity of 500,000 barrels per day.
This contract carries several strategic advantages: First, it positions Baker Hughes as a dominant player in Guyana's rapidly expanding offshore sector, which is projected to reach 1.3 million barrels per day production capacity. Second, the multi-year nature of the contract provides stable, recurring revenue streams - a important factor for investor confidence. Third, Baker Hughes' established local infrastructure, including their Georgetown supercenter, provides a competitive moat through operational efficiency and reduced logistics costs.
The timing is particularly strategic as Guyana emerges as a pivotal player in global oil production. Baker Hughes' early establishment of local supply chains and infrastructure demonstrates foresight in capturing market share in this high-growth region. The contract's comprehensive scope - covering topsides, subsea, water injection and utility chemicals - showcases Baker Hughes' full-spectrum capabilities and technical expertise in complex FPSO operations.
From an investor perspective, this contract reinforces Baker Hughes' position as a leading energy technology provider and suggests strong potential for future contract wins as Guyana's offshore developments continue to expand. The company's demonstrated ability to secure major contracts in competitive markets while maintaining local presence and operational excellence bodes well for long-term growth prospects.
- Baker Hughes to supply production chemicals for Errea Wittu and Jaguar FPSOs
- Offshore developments feature combined 500,000 barrels per day capacity
FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The announcement was made during Baker Hughes’ 25th Annual Meeting in Florence, Italy.
The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar floating production storage and offloading (FPSO) vessels, which are currently under development, and are targeted to begin production in 2026 and 2027 respectively. Baker Hughes has extensive experience in Guyana and has established local supply chains to create a reliable and efficient source of chemicals to address the unique needs of these developments.
“ExxonMobil Guyana and Baker Hughes share a long history of supporting Guyana’s energy sector, and we look forward to working together to write its next chapter,” said Amerino Gatti, executive vice president, Oilfield Services & Equipment at Baker Hughes. “Our experience operating across the country’s energy supply chain and unmatched expertise in oilfield and industrial chemicals make Baker Hughes uniquely suited to support complex FPSO operations such as these.”
Uaru and Whiptail mark ExxonMobil Guyana’s fifth and sixth projects in the country. The two developments will include up to 20 drill centers and 92 production and injection wells. Each FPSO will have a capacity of 250,000 barrels per day, bringing the country’s total daily production capacity to approximately 1.3 million barrels.
Baker Hughes has a strong history of localization in Guyana and in 2022, celebrated the opening of a multimodal supercenter in Georgetown. The company also provides a variety of services and equipment to operators in the country, including turbomachinery for ExxonMobil Guyana’s FPSO fleet and production chemicals for the Liza Unity vessel.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
For more information, please contact:
Media Relations
Brian Reynolds
+1 346-315-6663
brian.reynolds@bakerhughes.com
Investor Relations:
Chase Mulvehill
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investor.relations@bakerhughes.com
FAQ
When will Baker Hughes (BKR) begin production for the Errea Wittu and Jaguar FPSOs in Guyana?
What is the production capacity of the new BKR-supported FPSOs in Guyana?
How many drill centers and wells are included in BKR's Uaru and Whiptail projects?
What services will BKR provide under the ExxonMobil Guyana contract?
How will this contract affect Guyana's total oil production capacity?
