SBM Offshore starts Liza FPSO conversion with tanker arrival at yard

14 Nov 2017

Following SBM Offshore’s completion of the Front End Engineering and Design (FEED) and a final investment decision on the Liza Phase 1 Development project by ExxonMobil in June 2017, SBM is delighted to announce the next step in its scope for the floating production, storage and offloading vessel (FPSO).

The arrival of the tanker, ultimately destined for the Liza Phase 1 project in Guyana, marks the start of the FPSO conversion phase. To meet the project’s requirements, the conversion includes upgrade work on the hull and integration of topsides, which is being undertaken in Singapore at Keppel’s shipyard.

“With the arrival of the tanker we now begin in earnest the construction phase of the journey that SBM Offshore is on. We will leverage our in-depth experience with over 34 FPSO projects to date. Our objective is to safely deliver the Liza FPSO in partnership with our client and the experienced team at Keppel by working together as one team. SBM is proud to play its part for this major project by laying the foundation for the first FPSO for our client’s offshore development in Guyana,” says Bernard van Leggelo, SBM Offshore FPSO Managing Director.

Editor’s notes:
  • The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) was selected by SBM Offshore for the conversion.
  • The FPSO is designed 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 1,525 meters and will be able to store 1.6 million barrels of crude oil.
  • The Liza field is located in the Stabroek block, which covers almost 27,000 square kilometers, about 200 kilometers offshore Guyana. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.
  • SBM Offshore announced in June 2017 the award of contracts for the phase 1 of the ExxonMobil Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO).

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