ExxonMobil has selected SBM Offshore to construct, install, lease and operate an FPSO unit for the next phase of the Liza project offshore Guyana, according to a news release.
Designed to produce up to 120,000 barrels of oil per day (bbl/d), the FPSO unit will have associated gas treatment capacity of about 170 million cubic feet per day and water injection capacity of about 200,000 bbl/d, SBM said in the release. The converted VLCC FPSO unit, capable of storing 1.6 MMbbl of crude oil, will be spread moored in a water depth of 1,525 m.
Esso Exploration and Production Guyana Ltd. is the operator and holds a 45% interest in the Stabroek Block, where Liza is located. Hess Guyana Exploration Ltd. holds a 30% interest, while CNOOC Nexen Petroleum Guyana Ltd. holds a 25% interest.
Recommended Reading
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
2024-04-26 - Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.
Tangled Up in Blue: Few Developers Take FID on Hydrogen Projects
2024-04-03 - SLB, Linde and Energy Impact Partners discuss hydrogen’s future and the role natural gas will play in producing it.
Energy Transition in Motion (Week of Feb. 16, 2024)
2024-02-16 - Here is a look at some of this week’s renewable energy news, including the outlook for solar and battery storage in the U.S.
High Interest Rates a Headwind for the Energy Transition
2024-04-18 - Persistent high interest rates will make transitioning to a net zero global economy much harder and more costly, according to Wood Mackenzie Head of Economics Peter Martin.
Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want
2024-04-29 - A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.