FPSO for Liza Phase 1 Arrives Offshore Guyana
The FPSO Liza Destiny, Guyana’s first oil production vessel, has arrived at the Stabroek Block following a 42-day journey from Singapore.
The vessel is designed to produce up to 120,000 gross boe/D out of the deepwater Liza Phase 1 development. Hess, which holds a minority ownership interest in the ExxonMobil-operated project, said in a statement that the hookup and installation of the FPSO will begin after it clears customs.
Located in approximately 4,900 to 6,200-ft water depth 118 miles offshore Guyana, Liza Phase 1 includes four drill centers installed with 17 wells—eight production wells, six water injection wells, and three gas injection wells. Startup is on track for the first quarter of 2020.
ExxonMobil had previously announced the sanction of Liza Phase 2 in May. Phase 2 is expected to produce up to 220,000 BOPD after its mid-2022 startup. Final investment decision on Payara, the third phase of development out of the Stabroek Block, should come later this year and could startup as early as 2023.
SBM Offshore completed conversion of Liza Destiny’s hull, as well as construction and integration of the topsides, at the Keppel shipyard in Singapore in 20 months, which the company said was a record turnaround time.
First Oil From Johan Sverdrup Delivered to Mongstad Plant
Equinor, the operator of the Johan Sverdrup field, said that Mongstad will receive more than 30% of the total oil from the Norwegian Continental Shelf when the field is operating at full capacity.
SBM Offshore Completes Financing of Liza Unity FPSO
As construction continues, SBM Offshore secured the $1.14 billion needed to finance work on the vessel. Liza Unity is scheduled for deployment at ExxonMobil's Liza Phase 2 development offshore Guyana.
ExxonMobil Eyes Sale of Malaysian Offshore Assets
A month after it got out of Norway, Bloomberg reports that the company is working with advisers on a potential Malaysian sale, which could raise as much as $3 billion. ExxonMobil plans to divest around $15 billion in nonstrategic assets by 2021.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
08 October 2019
09 October 2019
11 October 2019
11 October 2019