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SBM Offshore has reported a contractual lease extension for FPSO
Espirito Santo in Brazil and expects a potential increase in the lease duration for FPSOs in Guyana.
SBM Offshore will present an updated pro-forma backlog, taking into account the most recent developments, along with its Full Year 2020 Earnings.
SBM Offshore signed an agreement with its client Shell for a five years’ extension for the lease and operate contracts of the FPSO
Espirito Santo located in Brazil. The end of the contractual lease and operate period was extended from December 2023 to December 2028. SBM Offshore is the majority owner of the lease and operating companies related to FPSO
ExxonMobil says has reached full capacity of 120,000 barrels per day
The Liza Destiny
December 20, 2020
ExxonMobil Guyana is celebrating the first year of oil production from the Liza field offshore and says it has reached full capacity of 120,000 barrels per day.
ExxonMobil had been beset by technical problems in meeting this target which saw large volumes of flaring of gas.
In a statement today, ExxonMobil said that earlier this month, the Liza Destiny floating production storage and offloading (FPSO) vessel reached full capacity of 120,000 barrels of oil per day and successfully commissioned the gas injection system.
The company began production less than five years after the first discovery of hydrocarbons, in the Stabroek Block in May 2015 which it said is well ahead of the industry average for deepwater developments.