Hull for oil-rich Guyana’s 3rd FPSO ‘Liza Prosperity’ delivered to SBM Offshore

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TORONTO – The hull for oil-rich Guyana’s third Floating Production Storage and Offloading (FPSO) vessel, the Liza Prosperity, was on Monday delivered by China’s Shanghai Waigaoqiao Shipbuilding (SWS) to Dutch FPSO specialist SBM Offshore.

Multiple international media reports Tuesday confirmed that the hull for the Liza Prosperity had been delivered to SBM Offshore.

Liza Prosperity will be spread moored in a water depth of about 1,900 metres in the Payara field offshore Guyana and is designed to store around 2 million barrels of crude.

Prosperity will have a capacity to produce 220,000 barrels of oil per day, will have an associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day.

Prosperity was the second hull built under SBM Offshore’s Fast4Ward standardized-FPSO-hull programme. Construction of the FPSO’s hull commenced  in January 2019.

Guyana’s second FPSO, the FPSO Liza Unity, is currently under construction in Singapore and is on target to commence producing 220,000 barrels of oil in Liza 2 field in 2022, on the Stabroek Block.

The approval of the Payara development project has been put on hold by the Government of Guyana pending an extensive review which has been a point of contention between the stakeholders.

Reports said that once the Guyana government approves the project and it receives sanction, and an authorization to proceed with the next phase, SBM Offshore will construct, install and then lease and operate the FPSO for a period of up to 2 years, after which the FPSO ownership and operation will transfer to Exxon.

Guyana’s first FPSO, the Liza Destiny, which as also constructed by SBM Offshore, commenced producing in the Liza 1 field offshore in December 2019, with a capacity of 120,000 barrels of oil per day.

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