Page 4 - LatAmOil Week 46 2021

COMMENTAR
LatAmOil COMMENTARY Y LatAmOil

Examples of Fast4Ward® FPSO design (Image: SBM Offshore)

ExxonMobil unit orders

fourth FPSO for Stabroek

EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be

installed at Yellowtail, the fourth development target in Guyana’s offshore zone

SBM Offshore of the Netherlands has won a installation, lease and operation of the vessel for
contract from a subsidiary of the US-based up to two years – after it makes a final invest-
WHAT: super-major ExxonMobil for construction of ment decision (FID) on the Yellowtail project,
SBM Offshore is slated the fourth floating production, storage and subject to the Guyanese government’s approval
to build the FPSO that off-loading (FPSO) vessel to be installed at the of its development plan.
will be installed at the Stabroek block offshore Guyana.
Yellowtail oilfield. The Dutch company announced the award Fast4Ward® design
on November 17, saying in a statement that it SBM Offshore said it intended to execute the
WHY: had been tasked by Esso Exploration and Pro- contract within the framework of its Fast4Ward®
The Dutch firm has duction Guyana Ltd (EEPGL) with performing programme, which was designed to accelerate
teamed up with Mc- front-end engineering and design (FEED) work FPSO construction through the use of stand-
Dermott International
because of challenging on the FPSO, which will be used to develop ardised components, including a multi-purpose
market conditions. the Yellowtail section of Stabroek. It also noted hull and regular topsides modules. EEPGL’s new
that the contract would be implemented in two FPSO will be the sixth Fast4Ward® vessel ever
WHAT NEXT: phases. made, it noted.
Funds for the second With the signing of the deal, it explained, When finished, the FPSO will able to support
phase of the contract EEPGL can release the funds necessary for the the production of 250,000 barrels per day (bpd)
can only be released first phase of work – namely, carrying out FEED of oil and 450mn cubic feet (12.74mn cubic
after FID on the Yellowtail services and obtaining the Fast4Ward® unit that metres) per day of associated gas. Additionally,
development project. will serve as the hull of the FPSO. The company it will have a water-injection capacity of 300,000
will then release funds for the second phase of bpd, and its storage facilities will be able to hold
work – which will involve the construction, up to 2mn barrels of crude oil.

P4 www. NEWSBASE .com Week 46 18•November•2021