SBM Offshore said. Nov. 7 that Exxon Mobil subsidiary Esso Exploration and Production Guyana Ltd. (EEPGL) has awarded the company contracts to perform FEED for a FPSO for the Payara development project located in the Stabroek block in Guyana.
EEPGL is the operator of the Stabroek block with partners Hess Guyana Exploration Ltd. and CNOOC Petroleum Guyana Limited.
Prior to necessary government approvals and project sanction, the contract award will initiate a limited release of funds to begin FEED activities and secure a Fast4Ward hull.
The Fast4Ward hull is a standard design with the flexibility to be utilized for projects across the deep water market. Following FEED and subject to government approvals in Guyana, project sanction and an authorization to proceed with the next phase, SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL.
The FPSO, to be named Prosperity, will utilize a design that largely replicates the design of the Liza Unity FPSO. As such, the 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 FPSO will be designed to produce 220,000 barrels per day (bbl/d) of oil, will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 bbl/d. The FPSO will be spread moored in water depth of about 1,900 meters and will be able to store around 2 MMbbl of crude oil.
SBM Offshore is exploring options to maximize local content and Guyanese workforce development, building on efforts to date on the Liza Destiny and Liza Unity FPSOs.
“We are pleased to report that ExxonMobil has selected SBM Offshore to award contracts for a third FPSO in Guyana, starting with the front-end engineering, to continue the world-class deep water development in Guyana,” Bruno Chabas, SBM Offshore CEO, said.
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