The hull for the Prosperity Floating Production Storage and Offloading (FPSO) unit is now moored next to the Liza Unity at the Keppel yard in Singapore as SBM Offshore prepares to commence with the next phase of construction.
SBM Offshore has announced that the hull for the Prosperity FPSO has arrived safely at the Keppel yard in Singapore, paving the way for the next stage of construction to commence with the topside modules being integrated at the yard.
In a statement, the company noted that despite the various challenges posed by the global COVID-19 pandemic, the FPSO remains on schedule to be completed in 2024. It was disclosed that drydock activities are scheduled to begin in the fourth quarter of this year, with the installation of major structures that will support the Mooring and Subsea Risers.
The project is part of the Payara development project, which is the third ExxonMobil-led development within the Stabroek block, about 200 kilometers offshore Guyana. Some US$1.05 billion has been allocated for the construction of the FPSO.
In keeping the standardization philosophy that guides the Fast4Ward® program, the Prosperity FPSO by in large replicates the design used for the Liza Unity FPSO. SBM said that this approach has showcased the value of Fast4Ward®, ensuring that the final product is delivered faster to ExxonMobil. Once installed, the vessel is intended to produce roughly 220,000 barrels of oil per day and will be able to store around 2 million barrels of crude oil.
Once completed, Prosperity will join her sister vessel Liza Unity, currently under construction at the same yard, and Liza Destiny, operational since end of 2019, offshore Guyana.
Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil, is the operator and holds a 45 per cent interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30 per cent interest and CNOOC Petroleum Guyana Limited holds a 25 per cent interest.
In October 2020, Exxon awarded the Prosperity contract to SBM for the next phase of the Payara development project. Under those contracts, SBM will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL. The award followed completion of front-end engineering and design studies, completion of the multi-purpose hull, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and co-venturers in the Stabroek Block.
