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SBM Offshore awarded ExxonMobil Liza FPSO contract

SBM Offshore awarded ExxonMobil Liza FPSO contract

Dec 21, 2016
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ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has awarded contracts to Dutch firm SBM Offshore for a floating production, storage and offloading (FPSO) vessel for the Liza field development and production in Guyana.

The Liza field has a potential recoverable resource estimate in excess of 1 billion oil-equivalent barrels and is located in the Stabroek block 193 km offshore Guyana.

Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO, and, subject to a final investment decision on the project in 2017, will construct, install and operate the vessel.

“Liza development activities are steadily progressing, and we’re excited to reach this important milestone,” said Neil Duffin, president of ExxonMobil Development Company.

ExxonMobil submitted an application for a production license and its initial development plan for the Liza field in early December. The development plan, submitted to the Guyana Ministry of Natural Resources, includes development drilling, operation of the FPSO, and subsea, umbilical, riser and flowline systems.

SBM Offshore CEO Bruno Chabas commented: “We are proud that ExxonMobil has awarded SBM Offshore contracts for the Liza FPSO, starting with the front-end engineering, which forms an important part of a significant offshore development project."

Esso Exploration and Production Guyana Limited is the operator and holds a 45 per cent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 per cent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 per cent interest.

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