SBM Offshore wins FPSO contract for Liza well

SBM Offshore yesterday announced that ExxonMobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana.

A release from SBM said that under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO). This comes after completion of front-end engineering studies and the final investment decision on the project by ExxonMobil.

The release said that FPSO is geared to produce up to 120,000 barrels of oil per day, will have associated gas treatment capacity of circa 170 million cubic feet per day and water injection capacity of circa 200,000 barrels per day. The converted VLCC FPSO will be spread moored in water depth of 1525 meters and will be able to store 1.6 million barrels of crude oil.

SBM Offshore CEO Bruno Chabas commented:

“We are proud that ExxonMobil awarded SBM Offshore the contracts for the Liza FPSO. The Liza Field offshore Guyana is one of the industry’s largest oil discoveries of the past decade. We look forward to cooperating closely with our client and partners to make this project a success. This award underlines SBM Offshore’s continued focus on building on our experience, our long term relationships and FPSO-led strategic vision.”

SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore group.

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. As of December 31, 2016, Group companies employ approximately 4,750 people worldwide.