ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID), SBM could also construct, install and operate the FPSO.
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Image from SBM. |
The decision was handed down today (20 December) and was awarded by Exxon subsidiary Esso E&P Guyana Ltd.
Under the FPSO contracts, SBM 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 company said.
Exxon’s giant Liza field in the Stabroek block, covering nearly 27,000sq km, some 193km offshore Guyana. It has the potential resource estimate in excess of 1 billion boe.
"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,” SBM Offshore CEO Bruno Chabas said. “Our dedicated team is looking forward to cooperating closely with the ExxonMobil team to make this project a success. This award underlines the fact that experience matters across the entire FPSO life cycle.”
Last month, Exxon gave notice to Guyana’s government of Liza’s commerciality.
Drilling results in the area confirmed recoverable resources to be between 800 MMboe – 1.4 billion boe, however, due to the completion of Liza-3 in October, positive results increased the discovery’s potential.
Esso is the operator and holds a 45% interest in the Stabroek block. Partners are Hess Guyana Exploration (30%) and CNOOC Nexen Petroleum Guyana (25%).
Read more:
Exxon's Liza confirmed as commercial
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