Work Continues on Liza Unity FPSO
SBM Offshore recently released a video updating its progress on the Liza Unity, its second FPSO for ExxonMobil’s Liza project offshore Guyana. The FPSO hull was launched in June, a month after ExxonMobil sanctioned the Liza Phase 2 development.
The FPSO is designed to produce 220,000 BOPD, with associated gas treatment capacity of 400 MMcf/D and water injection capacity of 250,000 B/D. The FPSO will be spread moored in 1600-m water depth and will be able to store around 2 million bbl of crude oil. ExxonMobil awarded SBM Offshore with the contract to construct and install the vessel in May, after the completion of front-end engineering studies. It will be used for the Liza Phase 2 development, which is scheduled for startup in mid-2022.
Once finished, the Liza Unity will be SBM’s first operational FPSO built under Fast4Ward, its program for standardizing FPSO design. The program aims to systemize the FPSO construction and delivery process, which SBM said will reduce cost and speed the time to market.
SBM is also supplying an FPSO (Liza Destiny) for Phase 1 of the Liza project. Liza Destiny set sail from the Keppel shipyard in Singapore on 22 July and arrived in Guyana on 30 August.
Decommissioning Work To See Increased Spending; North Sea Region To Lead the Way
Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. One research group estimates global decommissioning projects could reach $24 million by 2024.
UPDATE: Total Faces $12 Billion Shortfall as it Continues $20 Billion Mozambique LNG Project
Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.
Mammoet Awarded Unloading, Transport, Installation Contract for Arctic LNG 2
The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.
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20 May 2020
20 May 2020