The hull for the giant Prosperity FPSO targeting ExxonMobil’s third development offshore Guyana is complete and the vessel is now moving to the next stage of construction in Singapore.
Greg Hill, Chief Operating Officer at Hess Corporation, a 30% stakeholder at the Stabroek Block, told investors this week that work on the 220,000 barrels per day FPSO is progressing on schedule.
“Payara, our third sanctioned development on the Stabroek Block will utilise an FPSO with a gross production capacity of 220,000 gross barrels of oil per day with first oil expected in 2024,” Hill said. “The hull for the Prosperity FPSO is complete. Topside construction activities are underway, and we expect integration of the hull and topsides to begin at the Keppel Yard in Singapore by year end.”
The Prosperity FPSO design 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 Dutch floater specialist said the steel cutting ceremony for the modules took place in Singapore last week.
“I am delighted to see that this crucial milestone has been passed, albeit in challenging circumstances due to COVID-19 restrictions,” Olivier Icyk, MD Floating Production Solutions, commented. “With this first steel cut taking place, we can now move forward with the fabrication of the topside modules and ensure we deliver a first-class product to our client.”
The vessel will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. It will be 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 has said it anticipates the award of contracts to Guyanese companies for work to be performed in the country for the Prosperity FPSO such as fabrication and coating of a portion of the light structural steel.