SBM Offshore awarded second FPSO contract by ExxonMobil

SBM Offshore awarded second FPSO contract by ExxonMobil

SBM Offshore has been awarded contracts by ExxonMobil to perform front end engineering and design for a second FPSO for the Liza development in Guyana.

SBM Offshore will then construct, install and then lease and operate the FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to ExxonMobil’s subsidiary Esso Exploration and Production Guyana.

The FPSO will be designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400m cubic feet per day and water injection capacity of 250,000 barrels per day.

“We are pleased to report that ExxonMobil has selected SBM Offshore to award contracts for the second Liza FPSO, starting with the front-end engineering, for the development of the second phase of the world-class deep water development in Guyana. The successful team work with our client ExxonMobil on the FPSO Liza Destiny project provided a solid foundation for this award. This project will be adding further traction to SBM Offshore’s Fast4WardTM program as its design is incorporating our multi-purpose hull and a number of standardized modules. We look forward to continuing to build on our close collaboration with ExxonMobil in order to also make this project a success,” said Bruno Chabas, CEO of SBM Offshore.

Currently the first Liza FPSO, Liza Destiny, is under conversion at Keppel Shipyard in Singapore. SBM Offshore is now in discussions with ExxonMobil regarding a potential accelerated transfer of ownership using the purchase option in the 10-year lease contract.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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1 Comment

  1. Avatar
    Mohamed Amin
    July 3, 2018 at 5:36 pm

    What job here in spore most of singaporean now out of job . They are many sinporean in oil and gas not wotking now, but all this job was giving to FT. I been working with SBM Offshore around 4 years and some of my friends also from SBM as QC supervisor, piping trades E&i and they are waiting for the job.all this FPSO project just talking but still no new.