General Discussion
Exciting Offshore News!
Dutch FPSO operator, SBM Offshore, has secured its fifth FPSO project in Guyana. They'll be handling the front-end engineering and design (FEED) for ExxonMobil's sixth deepwater oil venture in Guyana. This move has set the stage for the Whiptail development project.
What's Happening:
- SBM Offshore will design and construct the FPSO for ExxonMobil's Guyana project.
- Construction costs will be repaid via senior loans upon vessel transfer.
- The FPSO can hold 2 million barrels of oil, produce 250,000 barrels per day, and handle associated gas.
The Whiptail Development:
- Whiptail, Pinktail, and Tilapia fields are part of the venture.
- Expected oil production: 275,000 barrels per day.
- Commitment to minimizing gas flaring, supporting sustainability.
Guyana's Promising Energy Future:
- A significant leap in Guyana's oil production capacity.
- SBM Offshore's local content development commitment.
- The Stabroek block's ambitious development plans.
This partnership between SBM Offshore and ExxonMobil is a major step forward in Guyana's energy landscape. Share your thoughts on these exciting developments!