By the Numbers: Eye on Guyana & FPSOs
Monday, August 2, 2021
According to Jim McCaul, Managing Director at IMA/, Guyana has a huge appetite for FPSOs. Here's a brief 'by the numbers' look:
- The Stabroek Block covers 26,800 sq km containing multiple prospects and plays
- There are 20+ discoveries to date with 9 billion boe estimated recoverable resources
- Up to 10 VLCC-size FPSOs are expected to be required for full field development
- One FPSO is now in service: Liza Destiny with 120,000 b/d oil production capacity
- Two FPSOs are on order: Liza Unity and Prosperity, each with 220,000 b/d oil production capacity
- The procurement of fourth FPSO is being negotiated, a unit with 220,000 to 250,000 b/d oil production capacity
- There are plans for three to six more large capacity FPSOs to be contracted for Stabroek Block within this decade
- Nearby Blocks off Suriname are expected to require additional multiple FPSOs
(Soure: )