Monday, August 15, 2022

Malaysian company to supply equipment for Prosperity FPSO

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Malaysia-based equipment manufacturer KNM has been awarded a contract by Dutch floater specialist, SBM Offshore, for the supply of equipment for a floating production vessel being built for ExxonMobil’s oil production operations in Guyana.

KNM said its subsidiary, KNM Process Systems Sdn Bhd, received a request on Thursday from SBM Offshore for the supply of PME pressure vessels separators for the Prosperity FPSO Project, amounting to USD 4,081,630.

KNM said the supply and delivery duration of the transaction is for a period from August 13, 2020 until June 1, 2021.

SBM Offshore announced in November 2019 that it was awarded contracts to perform Front End Engineering and Design (FEED) for the Prosperity FPSO targeting ExxonMobil’s third offshore development at the Stabroek block offshore Guyana.

The Prosperity FPSO will have similar capacity as the Liza Unity FPSO – 220,000 barrels per day – and could be adding to Guyana’s oil production as early as 2023.

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