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Thursday, 22 December 2016

ExxonMobil awards FEED contract to SBM Offshore

IRVING, US: Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil awards a front-end engineering and design (FEED) contract to SBM Offshore NV. For the company’s floating production, storage and offloading (FPSO) vessel to, a key step in moving the Liza field toward the first production.
Under the contracts, SBM Offshore will perform FEED for the FPSO, and, subject to a final investment decision on the project in 2017, will construct, install and operate the vessel.
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, an operation of the FPSO, and subsea, umbilical, riser and flowline systems.
The Liza field has a potentially recoverable resource estimate in excess of 1 billion oil-equivalent barrels and is located in the Stabroek block approximately 120 miles (193 kilometres) offshore Guyana.
The Stabroek block currently comprises 6.6 million acres (26,800 square kilometres). Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.
“Liza development activities are steadily progressing, and we’re excited to reach this important milestone. 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,” said Neil Duffin, president of ExxonMobil development company.
Read More: ExxonMobil awards FEED contract to SBM Offshore

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