ExxonMobil subsidiary, Esso Exploration and Production Guyana Ltd., (EEPGL), said it has awarded contracts to SBM Offshore for an FPSO vessel, a key step in moving the Liza field toward first production.
Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO vessel and, subject to a final investment decision on the project in 2017, will construct, install and operate the vessel.
ExxonMobil submitted an application for a production license and its initial development plan for the Liza field in early December. The development plan, submitted to the Guyana Ministry of Natural Resources, includes development drilling, operation of the FPSO, and subsea, umbilical, riser and flowline systems.
The Liza fFeld has a potential recoverable resource estimate in excess of 1 billion oil-equivalent barrels and is located in the Stabroek Block about 193 km (120 miles) offshore Guyana.
The Stabroek Block currently comprises 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Ltd. is the operator and holds a 45% interest in the block. Hess Guyana Exploration Ltd. holds a 30% interest, and CNOOC Nexen Petroleum Guyana Ltd. holds a 25% interest.
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