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Liza is go!

20/06/2017
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Development of one of the largest oil discoveries of the past decade has been given the green light as ExxonMobil have announced their intention to proceed with the first phase of development for the Liza field off the coast of Guyana.
ExxonMobil has announced it's final investment decision to proceed with the Liza gas field development off the coast of Guyana
The Liza Phase 1 development will include a subsea production system and a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day.

Costing over $4.4 billion, ExxonMobil expect production to begin by 2020, less than five years after discovery of the field.

The Liza field is located around 190 kilometres offshore in water depths of between 1,500 and 1,900 metres, and forms part of the Stabroek Block.

Announcing the project, Liam Mallon, president of ExxonMobil Development Company, said:

“We’re excited about the tremendous potential of the Liza field and accelerating first production through a phased development in this lower cost environment.”

As Mallon’s comment indicates, this agreement is one of the few large deepwater projects progressing as a low-price environment persists, with oil prices continuing to hover at around $50 per barrel. Research from Wood Mackenzie suggests that the Liza field contains enough oil to break even at $46 a barrel in Brent.

Does Exxon’s final investment decision to proceed with the Liza oil field development mark the beginning of recovery for the Oil & Gas industry?

Perhaps only time (and the markets) will tell…

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Recent Comments
Hi, I just want to enquire on how I can manage to apply for the Liza Project in Singapore. I am an Electrical Engineer by profession and have a long years of experience in the Oil&Gas projects both in Onshore and Offshore. I am a Singapore Permanent Resident and can be available anytime.
Jonathan Beredo, 10 December 2017
Hi there. How soon is recruitment going to start with SBM? Iam keen to be part of FPSO Liza. My background is E&I and iam immediately available. Iam a Singapore Citizen. Please mail me or contact me at 87265526. Thank you
Ramesh, 23 January 2018
I have been working on various FPSO conversion projects in Singapore and also in operations since 2007as Engine room.operator / utility operator/ mechanical tech/ maintenance tech / 3rd Engineer (AMS). Kindly let me know as and when the requirement arises for this ongoing Liza conversion project.
Praveen Kumar V, 23 February 2018
Hi, Good day. I am looking for any HSE role to FPSO Projects and I have experience in 17+ years at this field. Let me known when you come across similar positions like this. Regards Shan Shantamiz@yahoo.com
Vellaichamy Shanmugavelu, 17 April 2018
I worked before as the SIMOPS PTW Coordinator for the conversion project of FPSO Cidade De Marica and FPSO Cidade De Saquarema in China. I hope I can join again the team for the Conversion project of SBM FPSO Liza. Please let me know if they are in needs of a candidate with my profile expertise. I am available for immediate mobilization. My private email ad: znte1234@gmail.com.
Jaime Al-os, 06 June 2018
A Malaysian national, I have more the 8 years of working experience as a Mechanical Completion Engineer / Turnover Coordinator. Worked in multiple onshore fabrication yards and offshore platforms. Last project was in the north sea for Bumi Armada. My email is baljitsidhu23@gmail.com. Thank you.
Baljit Singh, 06 August 2018
I am Marine C/E, 30 years experience at VLCC Tankership, FPSO operation and construction as a Maintenance Superintendent, Lead commissioning engineer, Commissioning Manager. I am looking for new opportunity.
Agustinus, 01 December 2018
Congratulation to SBM Offshore and Company, for more FPSO and success to conversion and operation. I am Fred Masalunga and will to joint this project as an FPSO Engine Room Supervisor or Pre-Ops supervisor during conversion. Email: fremas479@yahoo.com, Mobile no and Viber no. +63915885287.
Fred Masalunga, 04 March 2019
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