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SBM confirms Liza award-Bobpipe Reprinted

Dutch player to supply FPSO for oilfield development off the coast of Guyana.

Amsterdam-based floater specialist SBM Offshore has confirmed it has been awarded a turnkey contract on ExxonMobil’s Liza oilfield development off Guyana.

SBM revealed Thursday ExxonMobil had formally confirmed the award of the contracts for Liza which will see the Dutch company construct, install, lease and operate a floating production, storage and offloading vessel.

The FPSO will have the capacity to produce up to 120,000 barrels of oil per day, treat about 170 million cubic feet per day of associated gas and will have a water injection capacity of roughly 200,000 bpd.

The converted very large crude carrier will be spread moored in a water depth of roughly 1525 metres and also have the capacity to store 1.6 million barrels of oil.

ExxonMobil and its partners made a final investment decision on the $4.4 billion first phase of development of Liza last week.

Liza lies in the Stabroek block, which covers almost 27,000 square kilometres, and is situated about 200 kilometres off the coast of Guyana.

Phase one will see the development of about 450 million barrels of oil, with first oil seen in 2020. The field plan includes 17 wells, comprising of eight producers, six water injectors and three gas injectors, with two sets of two drill centres.

ExxonMobil operates Liza with a 45% stake and is partnered by US independent Hess on 30% and China’s CNOOC Ltd on 25%.


Posted: 2017-06-23 15:54
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