Finance in place for Whiptail FPSO construction

SBM Offshore has completed project financing of the Jaguar FPSO for the Whiptail development offshore Guyana for $1.5 billion.

The company secured support from a consortium of 16 international financial institutions and expects to draw the loan in phases over the platform’s construction period.

The Jaguar FPSO will feature SBM Offshore’s seventh newbuild Fast4Ward multi-purpose floater hull with various standardized topsides modules. It is designed to produce 250,000 bbl/d of oil, with 2 MMbbl crude storage, associated gas treatment capacity of 540 MMcf/d, and water injection of 300,000 bbl/d.

The vessel will be spread moored in a water depth of about 1,630 m.

ExxonMobil Guyana operates Whiptail, in partnership with Hess Guyana Exploration and CNOOC Petroleum Guyana.