Exxon-Mobil: First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday.

The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”.

After clearing customs, the vessel will be moored to the seabed (known as spread mooring) in preparation for production, storage and offloading of Guyana’s oil.         

“It’s exciting to have another significant milestone completed as we continue on the road to first oil,” said Country Manager Rod Henson to mark the occasion. “While we still have a great deal of work ahead of us, I’m extremely proud of our entire team, both onshore and offshore, and their focus on working safely and being protective of the environment in all that we do,” Henson was quoted as saying.

In a separate statement, Director of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe welcomed the arrival of the Liza Destiny.

“This is a historic and momentous occasion for the Co-operative Republic of Guyana and all Guyanese. The FPSO’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,” Dr. Bynoe said.

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,” Dr. 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 thousand metric tonnes, ExxonMobil Guyana said.

This FPSO is a significant component of the Liza Phase 1 development which involves four under sea 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.

Post a comment or leave a trackback: Trackback URL.

Comments

  • kamtanblog  On August 30, 2019 at 3:25 am

    Am amazed at the comments above
    on the oraises dished out by those
    who all will benefit from “oil” and the
    wealth it creates.
    My concerns are more how this newly
    discovered wealth will benefit the common
    people of Guyana.
    Is it “wealth creation” or “wealth accumulation “…for the few not the many.

    My other concerns are “how safe is oil
    production/storage/transportation”

    Now that it is a known quantity it should
    not be “removed” but used as collateral
    for interest free loans from IMF/WB to
    develop the infrastructure Guyana so badly needs…hospitals schools etc

    Maybe el presidente elect will allow debate
    in parliament on way forward for this new
    discovered “oil wealth”.
    Maybe it’s a case of “too little too late”
    now.
    At my cynical best

    Kamtan

  • Trevor  On August 30, 2019 at 8:01 am

    The vehicles and mansions of those in power and those of the elites will become fancier, that is all.

    And also, Guyana has replaced Venezuela as a temporary source of oil for the USA, that is, until Venezuela collapses entirely and is replaced by a corporate oil shill.

    • kamtanblog  On August 30, 2019 at 8:42 am

      Trevor
      Yes ..you nailed it !

      So is there no hope for next generations of guyanese ?
      Wild like to think NOT !
      Change must/will come but from
      within …90% of those in the diaspora
      are happy where they are.
      Suggestion
      Political jackasses discourage the brain drain
      ….encourage the youths to remain/return
      after studies completed wherever.

      Do something positive or will loose another
      generation of guyanese.
      Sad fact

      Kamtan

      • Trevor  On August 30, 2019 at 9:45 pm

        Dr. Tarron Khemraj has calculated that the GoG will get 13% of the oil revenue during cost recovery, which means that if prices are at US$60 a barrel, producing 100,000 barrels will get approximately $200 million, while producing one million barrels of oil daily will only bring Guyana about $2 billion in royalty and profit sharing. This is only double the annual budget.

  • kamtanblog  On August 31, 2019 at 5:02 am

    Have to repeat myself….
    Oil should be left under sea/ground.
    Used as collateral to obtain low interest/interest free loans from
    IMF/WB and money used to develop
    /improve Guyana’s infrastructure…schools/hospitals etc

    In a decade or two oil will be replaced as
    the major energy source or complimented
    with cleaner energy sources.wind wave solar..
    not nuclear !

    My vision

    Kamtan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: