Crondall Energy Consultants Ltd will be supporting MUFG Bank Ltd as Lenders’ Technical Consultant for the Liza Unity FPSO project financing. The engineering, procurement, construction, and installation (EPCI) project is being undertaken by SBM Offshore for ExxonMobil’s second phase of the Liza development offshore Guyana.
MUFG is acting as Technical Bank on behalf of a group of Lenders for the financing facility.
Crondall Energy’s scope of services includes the initial technical due diligence on the project as well as an ongoing monitoring role through the EPCI project development phase. The scope covers all aspects of the facility including project management, process engineering, marine engineering and a review of the project contracting framework. The Liza Unity uses a standardized MPF hull developed by SBM Offshore fabricated in China with topsides modules and integration being carried out in Singapore. Overall project management is by the Dutch floater specialist.
Anna-Louise Peters, Managing Director of Crondall Energy’s consultancy business said that the ongoing work in support of Lenders and financiers on a number of FPSO developments reflects Crondall Energy’s deep knowledge and understanding of these complex projects, as well as its ability to assist Lenders in managing the development phase and addressing the risks inherent in offshore projects.
“We continue to be grateful for the trust placed in Crondall’s team by both MUFG and SBM in appointing Crondall on this important project,” Peters said. She noted that Crondall Energy also acted on behalf of Lenders for the Liza Destiny FPSO project completed at the end of 2019.
The Unity FPSO is expected to set sail for Guyana in June and is targeting first oil in 2022 at rate of around 220,000 barrels per day (bpd). When the vessel comes online, Guyana will be producing around 340,000 bpd taking into account the already operational 120,000 bpd Liza Phase 1 Development.