ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded SBM Offshore contracts to perform FEED work for a FPSO for the Payara development project located in the Stabroek block in Guyana.
EEPGL is the operator of the Stabroek block with partners Hess Guyana Exploration Ltd. and CNOOC Petroleum Guyana Ltd.
Prior to necessary government approvals and project sanction, the contract award will initiate a limited release of funds to begin FEED activities and secure a Fast4Ward® hull.
The Fast4Ward hull is a standard design with the flexibility to be utilised for projects across the deepwater market. Following FEED and subject to government approvals in Guyana, project sanction and an authorisation to proceed with the next phase, SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to 2 years, after which the FPSO ownership and operation will transfer to EEPGL.
The FPSO, to be named Prosperity, will utilise a design that largely replicates the design of the Liza Unity FPSO. As such, the design is based on SBM Offshore’s Fast4Ward programme that incorporates the company’s new build, multi-purpose hull combined with several standardised topsides modules. The FPSO will be designed to produce 220 000 bpd, will have associated gas treatment capacity of 400 million ft3/d and water injection capacity of 250 000 bpd. The FPSO will be spread moored in water depth of about 1900 m and will be able to store around 2 million bbl of crude oil.
SBM Offshore is exploring options to maximise local content and Guyanese workforce development, building on efforts to date on the Liza Destiny and Liza Unity FPSOs.
SBM Offshore CEO, Bruno Chabas, commented: “We are pleased to report that ExxonMobil has selected SBM Offshore to award contracts for a third FPSO in Guyana, starting with the front-end engineering, to continue the world-class deep water development in Guyana. The successful team work with our client ExxonMobil on the Liza Destiny and Liza Unity FPSOs provided a solid foundation for this award. This project will be adding further traction to SBM Offshore’s Fast4Ward programme as its design is incorporating our multi-purpose hull and a number of standardised modules. We look forward to continuing to build on our close collaboration with ExxonMobil in order to also make this project a success.”