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SBM Offshore secures contracts for next phase of Exxon Mobil’s Liza project

AMSTERDAM — SBM Offshore is pleased to announce that Exxon Mobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO). This follows completion of front-end engineering studies and the final investment decision on the project by Exxon Mobil.

The Liza field is located in the Stabroek block, which covers almost 27,000 km2, circa 200 km offshore Guyana. Esso Exploration and Production Guyana Limited is the operator and holds a 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30% interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25% interest.

The FPSO is designed to produce up to 120,000 bopd, will have associated gas treatment capacity of circa 170 MMcfgd and water injection capacity of circa 200,000 bpd. The converted VLCC FPSO will be spread moored in water depth of 1525 m and will be able to store 1.6 MMbbl of crude oil.

Source: www.worldoil.com

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