Tuesday, March 21, 2023

World’s first Fast4Ward FPSO will soon set sail from Singapore for 80-day journey to Guyana

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The Liza Unity FPSO, the first oil production vessel to be built by SBM Offshore using its pioneering Fast4Ward® program, will soon depart the Keppel Shipyard in Singapore for Guyana where it will be spread moored at the ExxonMobil-operated Stabroek Block, producing oil at the Liza Phase 2 Development.

“We look forward to the safe arrival of the Liza Unity after its 80-day journey around the world to Guyana’s waters and to the successful, safe start-up of production,” ExxonMobil Guyana President, Alistair Routledge said on Saturday, June 12, at a dedication ceremony for the FPSO, held in Georgetown.

Liza Phase 2 will develop approximately 600 million barrels of oil by drilling up to 33 development wells including production, water injection, and gas re-injection wells, and will use the FPSO to process, store, and offload the recovered oil.

Liza Unity floater will push Guyana’s total oil production to 340,000 bpd by 2022

The Project Development Area is located approximately 183 kilometers (114 miles) offshore Guyana and involves the use of onshore shorebase and other facilities and marine/aviation services to support development drilling, installation of subsea equipment and production operations when the vessel arrives and is hooked up.

Location of the Liza Phase 2 Project Development Area offshore Guyana.

“Underneath the sea we’ve been busy drilling wells – two to three drill ships at anytime are drilling the wells – production wells, injection wells, in order that we can be ready to start production when the vessel arrives,” Routledge pointed out.

The Liza Unity will be the second FPSO built by SBM Offshore for ExxonMobil’s Liza project. The Dutch floater specialist says Fast4Ward® is based on five key principles: engaging early with clients, standardization, focus on flawless execution, partnering with the supply chain and use of digital solutions in today’s volatile environment. The Company is now applying the Fast4Ward® principles across its product portfolio.

Liza Unity moving SBM’s Fast4Ward programme ‘from plan to reality’

This adds value for clients and in particular improves the economics of deepwater projects. To achieve this, we have leveraged SBM Offshore’s experience to standardize the design and the execution of projects, facilitating repeatability and the knock-on benefits. In addition, Fast4Ward incorporates digital solutions and emerging technologies, allowing for continual advancements of our solutions,” SBM Offshore said in an overview of its operations.

The Liza Unity FPSO will produce oil at a peak rate of around 220,000 barrels of oil per day. Liza Phase 2 is expected to cost US$6 billion, including a lease capitalization cost of approximately US$1.6 billion, for the Liza Unity FPSO.

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