Guyana
Press Release

Guyana announces the arrival of the Liza Destiny FPSO Vessel

Bnamericas

Department of Public Information release

Georgetown, Guyana – (August 29, 2019) Director, Department of Energy, Dr. Mark Bynoe has announced that Guyana’s first oil production vessel, the Liza Destiny, has arrived in the Stabroek Block.

“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 Floating, Production, Storage and Offloading (FPSO) vessel journeyed for 42 days and nearly 11 thousand miles from the Keppel Shipyard in Singapore.

The vessel took off on its journey after First Lady, Mrs. 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,” 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.

PTO

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.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas (Guyana)

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Halliburton Guyana Inc.  (Halliburton Guyana)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: The Guyana Oil Company Limited  (Guyoil)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: Hadi's World Inc.  (Hadi's World)
  • Hadi's World is a company incorporated under the Companies Act of Guyana, with its registered office at 29 Lombard Street, Werk en Rust, Georgetown, Guyana. HADI’s World is a lo...
  • Company: ZRN Investments Inc.  (ZRN Investments)
  • ZRN Investment Inc. is a company incorporated under the Companies Act of Guyana, with its registered office at lot 16, Sublot A, Mudlot, Kingston, Georgetown, Guyana. ZRN Invest...