Guyana’s 2nd oil production complex over 50% complete

Must Read

Guyana oil revenue will more than double T&T’s and quadruple Suriname’s – Rystad Energy

The South American country of Guyana is on course to receive the highest estimated total income from...

Less than 15 percent of Guyana’s discovered resources have been sanctioned

With over 8 billion barrels of oil equivalent discovered to date and just two approved developments, Guyana...

Majors exiting 203 country positions but remain in play at key locations like Guyana

The largest oil and gas companies in the world,...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Liza Unity FPSO, Guyana’s second oil production vessel, is currently under construction in Singapore and remains on target for delivery in 2022.

Dutch floater specialist, SBM Offshore, said Thursday after the temporary closure of the yards in Singapore due to COVID-19, they have re-opened and are currently ramping up operations.

“With the vessel [Liza Destiny FPSO] in dry-dock, work is progressing on the integration of the mooring system and the preparation for the lifting and integration of the first topside modules. The project continues to target first oil in 2022,” SBM Offshore said.

The vessel at peak will be producing 220,000 barrels of oil per day in addition to the Liza Destiny’s 120,000 barrels per day. At full capacity for both floaters, Guyana will be producing around 340,000 bpd by 2022.

The Liza Unity FPSO is the first of its kind to be constructed under SBM Offshore’s pioneering Fast4Ward® program. The hull was completed in less than two years from first steel cut in March 2018 and arrived at the Keppel shipyard in Singapore on January 13.

The MPF1 hull was allocated following Final Investment Decision (FID) by ExxonMobil, Hess and CNOOC in May 2019 for the Liza Phase 2 Development project at the Stabroek Block offshore Guyana.

ExxonMobil is operator with 45% interest. Hess has a 30% stake and CNOOC holds 25%.

- Advertisement -

Latest News

Venezuela buying fuel from Iran with plane loads of gold

Venezuela has reportedly obtained fuel from Iran in return for plane loads of gold, according to comments...

Keppel reviewing offshore business, plans to sell between S$3-5 billion of assets

Keppel Corporation Limited (Keppel) said Tuesday it plans to unlock value from S$3-5 billion of assets over the next 3 years as...

Oil falls as virus count mounts, U.S. debate looms

(Reuters) - Oil prices fell on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and...

Guyana oil revenue will more than double T&T’s and quadruple Suriname’s – Rystad Energy

The South American country of Guyana is on course to receive the highest estimated total income from its multi-billion-barrel oil and gas...

Less than 15 percent of Guyana’s discovered resources have been sanctioned

With over 8 billion barrels of oil equivalent discovered to date and just two approved developments, Guyana still has significant hydrocarbon resources...

More Articles Like This