Dr. Ramsaroop urges local content in construction of 5th FPSO

Chief Investment Officer of the Guyana Office for Investment (GoInvest), Dr. Peter Ramsaroop, recently met with Takeshi Kanamori, President and CEO of Modec Inc., to discuss the construction of Guyana’s fifth Floating, Production, Storage, and Offloading (FPSO) vessel – Errea Wittu. Errea Wittu means “abundance” in Warrau language.

Currently on official duties in Japan, Dr. Ramsaroop also met with Hirohiko Miyata, Chairman of the Board at Modec.

During discussions, Dr. Ramsaroop underscored the importance of local content participation and urged Modec to provide opportunities for Guyanese businesses to contribute to the construction of the vessel’s components, a statement from GoInvest noted.

The Errea Wittu is a significant step toward achieving Guyana’s goal of producing 1.39 million barrels of oil per day by 2027.

Meanwhile, in a release on Modec’s website, it was noted that the Errea Wittu FPSO will be deployed approximately 200 kilometers offshore Guyana and it will be able to store around 2 million barrels of crude oil.