ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel for the Liza field.
Under the contracts, SBM Offshore 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 vessel.
“Liza development activities are steadily progressing, and we’re excited to reach this important milestone,” said Neil Duffin, president of ExxonMobil Development Company. “We look forward to working with the government of Guyana to develop its valuable resources, which have the potential to provide long-term, sustainable benefits to the country.”
ExxonMobil submitted an application for a production license and its initial development plan for the Liza field in early December. The development plan, submitted to the Guyana Ministry of Natural Resources, includes development drilling, operation of the FPSO, and subsea, umbilical, riser and flowline systems.
The Liza field has a potential recoverable resource estimate in excess of 1 billion oil equivalent barrels and is located in the Stabroek block approximately 120 miles (193 kilometers) offshore Guyana.
EEPGL is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration holds a 30 percent interest, and CNOOC Nexen Petroleum Guyana holds a 25 percent interest.