The award follows completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.
The Yellowtail development is the fourth development within the Stabroek block, circa 200 km offshore Guyana. EEPGL is the operator and holds a 45% interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30% interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds a 25% interest.
The FPSO ONE GUYANA’s design is based on SBM Offshore’s Fast4Ward® programme that incorporates the company’s new build, multi-purpose floater hull combined with several standardised topsides modules. The FPSO will be designed to produce 250 000 bpd, will have associated gas treatment capacity of 450 million ft3/d and water injection capacity of 300 000 bpd. The FPSO will be spread moored in water depth of about 1800 m and will be able to store around 2 million barrels of crude oil.
The turnkey phase of the project is executed by a special purpose company (SPC) established by SBM Offshore and McDermott. SBM Offshore holds 70% and McDermott holds 30% equity ownership in this SPC. The FPSO will be fully owned by SBM Offshore.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/05042022/sbm-offshore-awarded-contracts-for-exxonmobil-fpso-one-guyana/