ExxonMobil Awards Guyana FPSO Contract

ExxonMobil Awards Guyana FPSO Contract
SBM Offshore has won FEED contracts for the Payara development vessel.

Exxon Mobil Corp. has awarded SBM Offshore front end engineering and design (FEED) contracts for a floating production, storage and offloading (FPSO) vessel for the Payara development project in the Stabroek block offshore Guyana, SBM Offshore reported Friday.

The FPSO, which will be named Prosperity, will be ExxonMobil’s third FPSO in Guyana applying SBM’s “Fast4Ward” standard hull design, which the contract recipient noted provides flexibility for projects across the deepwater market. SBM stated that Prosperity’s design will largely replicate that of the Liza Unity FPSO and that its design specifications would include:

  • Production capability of 220,000 barrels of oil per day
  • 400 million cubic feet per day of associated gas treatment capacity
  • 250,000 barrels per day of water injection capacity
  • Approximately 2 million barrels of crude oil storage capacity.

SBM also noted the FPSO will be spread-moored in roughly 6,234 feet (1,900 meters) of water. The company added it is exploring options to maximize local content and Guyanese workforce development, enhancing efforts established with the Liza Destiny and Liza Unity FPSOs.

ExxonMobil, through its Esso Exploration and Production Guyana Limited (EEPGL) subsidiary, operates the Stabroek block. EEPGL’s Stabroek partners include Hess Guyana Exploration Ltd. and CNOOC Petroleum Guyana Limited.

SBM stated the contract award will initiate a limited release of funds to begin FEED activities and secure a Fast4Ward hull, citing necessary government approvals and project sanction. Following the FEED phase and pending government approvals and Guyana, project sanction and an authorization to proceed, SBM noted that it will construct, install and then lease and operate the Prosperity FPSO for up to two years. Subsequently, FPSO ownership and operation would transfer to EEPGL, the company added.

“The successful teamwork with our client ExxonMobil on the Liza Destiny and Liza Unity FPSOs provided a solid foundation for this award,” stated Bruno Chabas, SBM Offshore’s CEO. “This project will be adding further traction to SBM Offshore’s Fast4Ward program as its design is incorporating our multi-purpose hull and a number of standardized modules.”

The Liza Destiny – Guyana’s first oil production vessel and the first of up to five FPSOs ExxonMobil might deploy in the Stabroek Block – reached the South American country in August of this year.

To contact the author, email mveazey@rigzone.com.


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