Guyana announces the arrival of first oil production vessel


Exxon Makes 13th Oil Discovery Offshore Guyana
Exxon drilling for oil – Guyana

by STAFF WRITER

GEORGETOWN, Guyana, CMC  – Guyana’s first oil production vessel – the Lisa Destiny has arrived in the country.

Director of the Department of Energy, Dr. Mark Bynoe said this is a historic occasion for the Co-operative Republic of Guyana and all Guyanese. 

“The FPSO’s (Floating, Production, Storage and Offloading) vessel’s arrival means that we are no more just talking about first oil. First oil is on the horizon. The Liza Destiny’s arrival means that our timetable has moved forward and, as a policy-related body, we are also called upon to advance our timetable,” Bynoe said.

The FPSO vessel journeyed for 42 days and nearly 11,000 miles from the Keppel Shipyard in Singapore.

The vessel took off on its journey after First Lady, Sandra Granger was named the ‘godmother’ of the vessel, at a ceremony hosted in June 2019 in Singapore.

The Director of Energy said the Liza Destiny’s arrival should engender a new spirit of nationalism, pride and expectation.

“As Guyanese, we should begin to recognise that it is a vessel that will be paid for by Guyanese, pumping Guyanese fuel which will be bringing in revenue for Guyanese to help our country to ultimately be transformed positively from an economic development perspective. It is imperative that as Guyanese we begin to appreciate that the direct and the indirect benefits that emanate from this sector goes far beyond anything that we have seen thus far,” Bynoe said.

After clearing customs, the vessel will be connected to the spread mooring before hook-up and installation begins in preparation for production, storage and offloading of Guyana’s oil.

The Liza Destiny FPSO was converted from oil tanker, “Tina”, a 1999 Very Large Crude Carrier (VLCC). The conversion included upgrading of the hull and integration of 14 topside processing modules, totalling 16,000 metric tonnes, ExxonMobil Guyana said.

This FPSO is a significant component of the Liza Phase 1 development which involves four undersea drill centres with 17 production wells. It has a production capacity of 120,000 barrels of oil per day and an overall storage volume of 1.6 million barrels.

During normal operations, there will be at least 80 persons living and working onboard the vessel.

ExxonMobil Guyana remains on target for first oil by early 2020.

See earlier:

Exxon Makes 13th Oil Discovery Offshore Guyana

by  Valerie Jones|Rigzone Staff|Friday, April 19, 2019

ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, the company announced Thursday.

This marks the 13th discovery on the Stabroek Block and adds to the already 5.5-billion barrels of oil equivalent in the block.

Yellowtail-1 is also the fifth discovery in the Turbot area, which is expected to become a major development hub.

Yellowtail-1, which is located about six miles northwest of the Tilapia discovery, was drilled to a depth of 18,445 feet (5,622 meters) in 6,046 feet (1,843 meters) of water. Drilling on the well commenced March 27.

“Similar to the Liza area, successive discoveries in the Turbot area have continuously grown its shared value,” Mike Cousins, senior vice president of ExxonMobil Exploration and New Ventures said in a company statement. “Our success here can be attributed to our industry-leading upstream capabilities, the strength of our partnerships and our ongoing commitment to growing Guyana’s offshore potential.”

ExxonMobil previously stated there was potential for at least five floating production, storage and offloading (FPSO) vessels on the Stabroek Block producing more than 750,000 barrels of oil per day by 2025.

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 percent interest in the Stabroek Block while Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.

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Exxon Makes 13th Oil Discovery Offshore Guyana
Exxon drilling for oil – Guyana

by STAFF WRITER

GEORGETOWN, Guyana, CMC  – Guyana’s first oil production vessel – the Lisa Destiny has arrived in the country.

Insert Ads Here

Director of the Department of Energy, Dr. Mark Bynoe said this is a historic occasion for the Co-operative Republic of Guyana and all Guyanese. 

“The FPSO’s (Floating, Production, Storage and Offloading) vessel’s arrival means that we are no more just talking about first oil. First oil is on the horizon. The Liza Destiny’s arrival means that our timetable has moved forward and, as a policy-related body, we are also called upon to advance our timetable,” Bynoe said.

The FPSO vessel journeyed for 42 days and nearly 11,000 miles from the Keppel Shipyard in Singapore.

The vessel took off on its journey after First Lady, Sandra Granger was named the ‘godmother’ of the vessel, at a ceremony hosted in June 2019 in Singapore.

The Director of Energy said the Liza Destiny’s arrival should engender a new spirit of nationalism, pride and expectation.

“As Guyanese, we should begin to recognise that it is a vessel that will be paid for by Guyanese, pumping Guyanese fuel which will be bringing in revenue for Guyanese to help our country to ultimately be transformed positively from an economic development perspective. It is imperative that as Guyanese we begin to appreciate that the direct and the indirect benefits that emanate from this sector goes far beyond anything that we have seen thus far,” Bynoe said.

After clearing customs, the vessel will be connected to the spread mooring before hook-up and installation begins in preparation for production, storage and offloading of Guyana’s oil.

The Liza Destiny FPSO was converted from oil tanker, “Tina”, a 1999 Very Large Crude Carrier (VLCC). The conversion included upgrading of the hull and integration of 14 topside processing modules, totalling 16,000 metric tonnes, ExxonMobil Guyana said.

This FPSO is a significant component of the Liza Phase 1 development which involves four undersea drill centres with 17 production wells. It has a production capacity of 120,000 barrels of oil per day and an overall storage volume of 1.6 million barrels.

During normal operations, there will be at least 80 persons living and working onboard the vessel.

ExxonMobil Guyana remains on target for first oil by early 2020.

See earlier:

Exxon Makes 13th Oil Discovery Offshore Guyana

by  Valerie Jones|Rigzone Staff|Friday, April 19, 2019

ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, the company announced Thursday.

This marks the 13th discovery on the Stabroek Block and adds to the already 5.5-billion barrels of oil equivalent in the block.

Yellowtail-1 is also the fifth discovery in the Turbot area, which is expected to become a major development hub.

Yellowtail-1, which is located about six miles northwest of the Tilapia discovery, was drilled to a depth of 18,445 feet (5,622 meters) in 6,046 feet (1,843 meters) of water. Drilling on the well commenced March 27.

“Similar to the Liza area, successive discoveries in the Turbot area have continuously grown its shared value,” Mike Cousins, senior vice president of ExxonMobil Exploration and New Ventures said in a company statement. “Our success here can be attributed to our industry-leading upstream capabilities, the strength of our partnerships and our ongoing commitment to growing Guyana’s offshore potential.”

ExxonMobil previously stated there was potential for at least five floating production, storage and offloading (FPSO) vessels on the Stabroek Block producing more than 750,000 barrels of oil per day by 2025.

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 percent interest in the Stabroek Block while Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.