ExxonMobil’s third FPSO in Guyana contract award

Nov 08 2019


ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded SBM Offshore contracts to perform Front End Engineering and Design (FEED) for an FPSO for the Payara development project located in the Stabroek block in Guyana.

EEPGL is the block’s operator together with partners Hess Guyana Exploration and CNOOC Petroleum Guyana.

Prior to necessary government approvals and project sanction, the contract award will initiate a limited release of funds to begin FEED activities and secure SBM’s patented Fast4Ward hull.

This is a standard design hull, which can operate on projects across the deepwater market.

Following FEED and subject to Guyana government approvals, project sanction and an authorisation to proceed with the next phase, SBM will construct, install and then lease and operate the FPSO for up to two years, after which its ownership and operation will transfer to EEPGL.

The FPSO, to be named ‘Prosperity’, will largely replicate the  ‘Liza Unity’ FPSO deign, based on the company’s Fast4Ward programme that incorporates the company’s newbuild, multi-purpose hull, combined with several standardised topsides modules.

This unit will be designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400 mill cu ft per day and water injection capacity of 250,000 barrels per day. It will be spread moored in water depth of about 1,900 m and will be able to store around 2 mill barrels of crude oil.

SBM Offshore CEO, Bruno Chabas, commented: “We are pleased to report that ExxonMobil has selected SBM Offshore to award contracts for a third FPSO in Guyana, starting with the front-end engineering, to continue the world-class deepwater development in Guyana.

“The successful team work with our client ExxonMobil on the ‘Liza Destiny’ and ‘Liza Unity’ FPSOs provided a solid foundation for this award. This project will be adding further traction to SBM Offshore’s Fast4Ward programme, as its design is incorporating our multi-purpose hull and a number of standardised modules,” he said.

 



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