Exxon has eyes set on buying Liza Destiny & Unity FPSOs from SBM Offshore

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The Liza Destiny and Liza Unity floating, production, storage and offloading vessels (FPSOs) are on ExxonMobil Guyana’s radar for purchase, said its Vice President and Business Service Manager, Phillip Rietema. 

Both vessels were constructed by Dutch floater specialist SBM Offshore for Guyana’s Liza 1 and Liza 2 developments in the Stabroek Block. 

“The agreements we have with SBM [Offshore] allow us to have the option to buy the FPSOs and we are progressing plans now…and working [out] the timing of those purchases,” he told the media during a press update on June 14. 

The Destiny and Unity vessels are the only two currently online. 

Liza Destiny was designed to produce 120,000 barrels of oil per day with a storage capacity of 1.6 million barrels. Currently, after debottlenecking activities, Exxon increased this to 150,000 barrels per day. First oil was on December 20, 2019. In 2021, the Destiny was ranked fourth among the top five highest-scoring units for safety in SBM Offshore’s global fleet. 

Meanwhile, the Liza Unity vessel was designed to produce up to 220,000 barrels of oil per day but by the end of 2023 – after a series of maintenance and debottlenecking activities – will be producing 250,000 barrels per day. And this lift will put the development on par with larger Stabroek Block projects like Yellowtail and Uaru. It achieved first oil back in February 2022. 

The Liza Unity FPSO was also awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS). It was the first FPSO to snag this achievement. 

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