Dutch agency SBM Offshore stated Friday it had received contracts to carry out front-end engineering and design (FEED) for a floating manufacturing, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail improvement undertaking in Guyana.
Following FEED and topic to authorities approvals in Guyana of the event plan, and undertaking sanction, together with the ultimate funding choice by ExxonMobil, to launch the second part of labor, SBM Offshore will assemble and set up the FPSO.
The FEED contract award triggers the preliminary launch of funds by ExxonMobil to start FEED actions, and commits a standardized Fast4Ward hull for the execution of the Whiptail improvement undertaking in Guyana.
Beneath the contracts, SBM Offshore will switch the FPSO possession to ExxonMobil on the finish of the development interval, and earlier than the beginning of operations in Guyana.
The development prices are anticipated to be partially funded by senior loans which can be repaid on the time of the FPSO’s switch to ExxobMobil.
“SBM Offshore is anticipated to function the FPSO by means of its built-in operations and upkeep mannequin, combining SBM Offshore and ExxonMobil’s experience and expertise, leveraging key learnings and the operational excellence of the items at present deployed in Guyana,” SBM Offshore stated.
SBM Offshore will design and assemble the FPSO utilizing its Fast4Ward program utilizing the corporate’s seventh new construct, Multi-Function Floater hull, mixed with a number of standardized topsides modules.
The Fast4Ward program features a new construct, multi-Function Floater hull mixed with a number of standardized topsides modules. SBM Offshore orders these hulls in China with out contracts secured, in order that when it does safe a contract, the FPSO supply time is shorter.
The FPSO can be designed to supply 250,000 barrels of oil per day, can have related fuel remedy capability of 540 million cubic toes per day and water injection capability of 300,000 barrels per day. The FPSO can be spread-moored in a water depth of about 1,630 meters and can be capable to retailer round 2 million barrels of crude oil.
This is able to be the fifth FPSO to be delivered SBM Offshore for Exxon-led consortium in Guyana, after FPSOs Liza Future, Liza Unity, and Prosperity, all at present in Guyana, and but to be delivered ONE GUYANA.
Bruno Chabas, SBM Offshore’s Chief Government Officer: “We’re proud to announce ExxonMobil Guyana has awarded the contracts for a fifth FPSO from SBM Offshore in Guyana. This undertaking demonstrates as soon as extra the worth that our industry-leading Fast4Ward program brings to our shoppers and different stakeholders whereas delivering carbon environment friendly vitality to the world.”
Whereas this would be the fifth SBM Offshore FPSO to be delivered for Exxon in Guyana, it is going to be the sixth FPSO on the Exxon-operated Stabroek block.
