The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.
Guyana is home to the world’s biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas.
Located in the Arctic Barents Sea and containing close to 500 million boe, the Wisting development is subject to a final investment decision by Equinor and its partners by the end of 2022.
ConocoPhillips and its partners plan to produce the reserves with an installation on the seabed connected to existing infrastructure at Conoco's Ekofisk field, some 25 km (16 miles) away.
"We are thrilled with the initial production rate of these wells," Jay Paul McWilliams, CEO of LOGOS, said.
Higher production from Guyana, considered a growth engine for Hess, also helped the company offset output declines this past quarter in North Dakota’s Bakken and Gulf of Mexico.
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
Chevron, which agreed to pay a signing bonus of $30.88 million, is expected to cover the offshore block’s exploration costs in a first phase that will last six years, Suriname state oil company Staatsolie said.