SBM Offshore proud of another start-up ahead of schedule at Exxon’s Stabroek Block

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SBM Offshore has once again delivered and put into operation another floating production storage and offloading (FPSO) vessel offshore Guyana ahead of funding schedule and at industry-leading pace. The Prosperity FPSO began oil production at the ExxonMobil-operated Stabroek Block at approximately 1:04 am on Nov. 14.

“We are proud of the successful delivery of FPSO Prosperity which is attributable to the outstanding work of the teams and the close collaboration with ExxonMobil Guyana,” said Bruno Chabas, CEO of SBM Offshore, in a press release from the company.

Chabas pointed out that the unit was delivered in less than four years following the start of the engineering phase, which is a significant achievement considering the challenging environment.

“The FPSO Prosperity is the third delivery in Guyana in four years, combining competitive and low emission intensity energy,” he added.

In a comment on his LinkedIn page on Tuesday, President of ExxonMobil Guyana, Alistair Routledge, said a project of this magnitude relies on suppliers around the world delivering on time.

“It’s a truly remarkable achievement for Payara to start up ahead of the funding schedule, at industry-leading pace,” Routledge pointed out.

Builder of Guyana FPSOs now has best delivery time in the world for high-capacity vessels

The Prosperity FPSO joins the SBM Offshore built and operated Liza Destiny and Unity FPSOs which are already operating offshore Guyana.  

The Prosperity FPSO utilizes a design that largely replicates the design of the Liza Unity which is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s new build, multi-purpose hull combined with several standardized topsides modules. The FPSO is designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. The FPSO is spread moored in water depth of about 1,900 meters and will be able to store around 2 million barrels of crude oil.

SBM Offshore set to begin front end engineering design for Exxon’s 6th Guyana FPSO

The FPSO is part of the Payara development which is the third development in the Stabroek block located approximately 200 kilometers offshore Guyana.

ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, is the operator and holds a 45 percent interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Petroleum Guyana Limited, holds a 25 percent interest.


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