MODEC Group President and Chief Executive Officer Hirohiko Miyata on Friday led a senior delegation to a meeting with Prime Minister Brigadier (Ret’d) Mark Phillips, who is performing the functions of President, with discussions centred on the company’s operations, continued investment and opportunities to build Guyanese skills.
MODEC recently brought the FPSO Errea Wittu to Guyana for the Uaru development, marking the company’s first FPSO for use in the country and Guyana’s fifth offshore production vessel. The vessel arrived in August and is now undergoing final offshore preparations and commissioning ahead of first oil.
Built for ExxonMobil Guyana, Errea Wittu is designed to produce about 250,000 barrels of oil per day and can store around two million barrels of crude. MODEC will also provide operations and maintenance services for the vessel for 10 years from first oil.
But MODEC’s Guyana story does not stop with Errea Wittu.
The company has also been selected to develop an FPSO for ExxonMobil’s Hammerhead project, which is expected to become Guyana’s seventh oil project for production capacity of about 150,000 barrels per day.
That means Miyata’s visit comes as MODEC is positioning itself for a much deeper and longer-term presence in Guyana’s offshore sector.
During Friday’s meeting, the company’s delegation and the Prime Minister discussed ways to strengthen local capacity, including employment, training and skills development.
The delegation included MODEC’s Head of Offshore Production Solutions and Chief Digital Officer Soichi Ide, MODEC Brazil President and CEO and Head of the Americas Yosuke Kosugi, MODEC Guyana Country Manager Rafael Fumis and Stakeholder, Socioeconomic and Local Content Manager Onicka Jones.
For Guyana, the discussions are important because the expansion of oil production is increasingly shifting the conversation beyond the arrival of FPSOs and first oil to how much of the work, expertise and economic activity can be retained locally.
MODEC has itself described the arrival of Errea Wittu as the beginning of a longer-term commitment to Guyana, highlighting knowledge sharing, skills development and collaboration with Guyanese stakeholders.
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