Thursday, November 14, 2019

ExxonMobil Awards FPSO Contract to SBM Offshore

Posted by December 20, 2016

ExxonMobil subsidiary Esso Exploration and Production Guyana Limited has awarded contracts to SBM Offshore (IHCB.F) for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana. 

 
Under the FPSO 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 FPSO.
 
The Liza field has a potential resource estimate in excess of 1 billion oil-equivalent barrels and is located in the Stabroek block, which covers almost 27,000 square kilometers, approximately 193 kilometers offshore Guyana. Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.
 

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