Sunday, June 26, 2022

SBM Offshore proud of start-up at its largest Guyana FPSO to date

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SBM Offshore said on Monday it is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022, and is formally on hire.

The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program which incorporates the Company’s new build, multi-purpose floater hull combined with several standardized topsides modules.

The FPSO is installed at the Liza field, which is located circa 200 kilometers offshore Guyana in the Stabroek block. ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.

The Liza Unity FPSO

Bruno Chabas, CEO of SBM Offshore said the company is proud of the fact that FPSO Liza Unity has started production.

“The FPSO, with its relative low emission intensity will enable efficient production of these world-class oil reserves,” Chabas said. “The combined client and SBM Offshore team that delivered this project have done an outstanding job.”

The CEO pointed out that the FPSO was delivered in three and a half years following the start of the engineering phase, which is a significant achievement.

“It demonstrates the added value our Fast4Ward® concept brings to all stakeholders,” Chabas said.

The operation of the vessel will realize its target of 220,000 barrels of oil per day later this year which will bring Guyana’s production capacity to more than 340,000 barrels per day, which includes the more than 120,000 barrels per day capacity at the Liza Destiny FPSO.

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