Dutch FPSO specialist SBM Offshore has been awarded a contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) to perform front end engineering and design (FEED) for an FPSO for the Payara development project located in the Stabroek block in Guyana.
The FPSO, to be named Prosperity, will utilise a design similar to the Liza Unity FPSO based on SBM Offshore’s Fast4Ward® program. IT will be designed to produce 220,000 barrels of oil per day, and will be able to store around 2m barrels of crude oil.
EEPGL is the operator of the Stabroek block with partners Hess Guyana Exploration and CNOOC Petroleum Guyana. Prior to government approvals and project sanction, the contract award will initiate a limited release of funds to begin FEED activities and secure a hull.
Bruno Chabas, CEO of SBM Offshore, commented: “We are pleased to report that ExxonMobil has selected SBM Offshore to award contracts for a third FPSO in Guyana, starting with the front-end engineering, to continue the world-class deep water development in Guyana. The successful team work with our client ExxonMobil on the Liza Destiny and Liza Unity FPSOs provided a solid foundation for this award. This project will be adding further traction to SBM Offshore’s Fast4Ward® 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.”