22 C
Georgetown
Saturday, February 27, 2021

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

Must Read

Coming oil price bounce, supply shortfall opening space for Guyana barrels

More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise...

New York Stock Exchange begins delisting CNOOC

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd...

CDC hosts major oil spill response workshop ahead of exercise to test Guyana’s capabilities

Guyana’s Civil Defence Commission (CDC) is partnering with US State agencies, Pacific Disaster Center, ExxonMobil, and the French and Canadian...
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%.

Latest News

Coming oil price bounce, supply shortfall opening space for Guyana barrels

More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise...

New York Stock Exchange begins delisting CNOOC

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order...

CDC hosts major oil spill response workshop ahead of exercise to test Guyana’s capabilities

Guyana’s Civil Defence Commission (CDC) is partnering with US State agencies, Pacific Disaster Center, ExxonMobil, and the French and Canadian Armed Forces to build the...

In historic move, Exxon takes Canadian oil sands off its books

(Bloomberg) --Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before...

Reassembly of gas compressor completed, testing to begin – ExxonMobil

ExxonMobil Guyana said this week that all rework and reassembly of the flash gas compressor that encountered challenges in January have been completed and...

More Articles Like This