SBM says work on development of FPSO for Liza project “progressing well”

A model of the FPSO (Liza Destiny) being built by SBM Offshore for the Liza development in Guyana.

SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project in Guyana, says work is progressing well on schedule.

At the end of 2016, SBM Offshore commenced the Front-End Engineering and Design (FEED) and early Engineering, Procurement and Construction (EPC) work scope for the FPSO Liza.

After the official announcement of the award of the FPSO Liza contracts by ExxonMobil, the company started the EPC phase.

“This work is progressing well in close cooperation with the client team, benefiting from seamless project phasing, connecting early design to EPC scope of this fast-track project,” SBM said in a statement.

The Liza field is located in the Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana. Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.

The FPSO is designed to produce up to 120,000 barrels of oil per day, will have associated gas treatment capacity of circa 170 million cubic feet per day and water injection capacity of circa 200,000 barrels per day. The converted VLCC FPSO will be spread moored in water depth of 1525 meters and will be able to store 1.6 million barrels of crude oil.

Oil production is Guyana in scheduled to begin in mid-2020.