Liza Destiny FPSO Sets Sail To Make Guyana An Oil-Producing Nation

Liza Destiny, an FPSO that will make Guyana an oil-producing nation, has set sail from Keppel’s Singapore yard where it was recently named and delivered.

According to Guyanese Department of Public Information, the Liza Destiny FPSO converted from a VLCC by Keppel, is expected to reach Guyana in September.

Owned by SBM Offshore, the Liza Destiny FPSO will be deployed at Exxon-operated Liza field as part of the first phase of the development offshore Guyana. First oil is expected in the first quarter of 2020.

Friday data by VesselsValue showed that the FPSO was sailing through the Malacca Strait on Friday, July 19, 2019, with the next stop being Cape Town, South Africa.ExxonMobil’s Liza field, where the FPSO will be deployed, sits in the giant Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana and where ExxonMobil has struck more than a dozen oil discoveries which are yet to be developed.

The Liza field is expected to start producing up to 120,000 gross bopd by the first quarter of 2020. The first phase is expected to develop around 500 million barrels of oil.

The FPSO, the first of several to be deployed in Guyana, will be spread moored in a water depth of 1,525 meters and will be able to store 1.6 million barrels of crude oil.