SBM Wins ExxonMobil Guyana FPSO Order

Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore (IHCB.F) has won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.

Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation (XOM), has confirmed the award of contracts for the next phase of the Liza project in Guyana, said a press release from SBM.

Under these contracts, SBM Offshore will construct, install and thereafter lease and operate for up to two years the Liza Unity FPSO. This follows completion of front-end engineering studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block coventurers.

The Liza Unity FPSO design is based on SBM Offshore’s Fast4Ward program incorporating the company’s newbuild, multipurpose hull combined with several standardized topsides modules.

The FPSO will be designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day.

The FPSO will be spread moored in water depth of about 1,600 meters and will be able to store around 2 million barrels of crude oil.

The Liza field is located in the Stabroek block circa 200 kilometers offshore Guyana. EEPGL is the operator and holds a 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30% interest, and CNOOC Petroleum Guyana Limited holds a 25% interest.

SBM Offshore CEO Bruno Chabas said, “We are proud that ExxonMobil awarded SBM Offshore the contracts for the Liza Unity FPSO. The company is confident that this project will demonstrate the value that our Fast4Ward program brings to our clients. We look forward to continuing the cooperation with our client ExxonMobil on this second important project in Guyana.”