Subject to government approvals of the development plan and project sanction including FID by the partners, SBM Offshore will construct and install the FPSO, which will feature the company’s seventh newbuild, multipurpose Fast4Ward hull combined with standardized topsides modules.
Ownership of the FPSO will likely transfer to the client at the end of the construction period and prior to the start of operations offshore Guyana.
The company, however, expects to operate the platform using its integrated operations and maintenance model. This involves combining its own and Exxon Mobil’s experience, applying key learnings from other FPSOs currently deployed on the Stabroek Block.
Whiptail’s FPSO will be designed to produce 250,000 bbl/d of oil, with associated gas treatment capacity of 540 MMcf/d and water injection at up to 300,000 bbl/d. The vessel will be spread moored in a water depth of about 1,630 m, with onboard storage for about 2 MMbbl of crude oil.
SBM Offshore reaffirmed its commitment to local content development by sourcing fabrication where possible in Guyana and integrating Guyanese engineers into the execution and operational teams.