中文

PROJECT PROFILE · FPSO

Liza Phase 1

The first offshore oil development in the Stabroek Block

In production

Project Overview

Liza Phase 1 lies in the Stabroek Block offshore Guyana and is operated by ExxonMobil Guyana Limited. Stabroek interests are ExxonMobil Guyana 45%, Hess Guyana 30% and CNOOC Petroleum Guyana 25%. The development achieved first oil through the Liza Destiny FPSO on 20 December 2019.

FPSO and Delivery Model

Liza Destiny is a conversion of the VLCC Tina, with design oil-processing capacity of 120,000 barrels per day and storage of approximately 1.6 million barrels. SBM Offshore led overall construction, installation and initial lease operations, while Keppel completed the VLCC conversion and topsides integration. ExxonMobil Guyana acquired the FPSO in December 2024, and SBM Offshore continues to operate and maintain it through 2033.

Key Milestones

  1. FPSO award

    SBM Offshore begins delivery of the Liza Phase 1 floating production facility.

  2. First oil

    Liza Destiny starts production.

  3. FPSO purchase completed

    ExxonMobil Guyana takes ownership while SBM Offshore continues O&M.

FPSO Construction and Execution Scope

Workstream Executing Party Scope Status
Overall FPSO delivery SBM Offshore Engineering, construction, installation and initial lease operations Completed
Hull conversion and integration Seatrium (legacy Keppel O&M) VLCC Tina conversion and topsides integration Completed
Subsea works Saipem SURF engineering, procurement, construction and installation Completed
Operations and maintenance SBM Offshore Continued O&M after the FPSO sale through 2033 Ongoing

Portfolio Navigation

Participants and roles

Key participants and their project roles.

  • United States

    ExxonMobil
    Operator

    Operator of Liza Phase 1 and owner of FPSO Liza Destiny.

    Scope
    Ownership and governance

  • Netherlands

    SBM Offshore
    EPCI contractor

    Conversion, delivery and initial lease-and-operate scope for FPSO Liza Destiny.

    Scope
    Offshore facilities and operations
    Shipowner / lessor

    Operations and maintenance of FPSO Liza Destiny under the integrated model through 2033.

    Scope
    Offshore facilities and operations
    Relationship start
    2 May 2023

  • Singapore

    Seatrium Limited
    Integration assembler

    Conversion, module integration and completion work for FPSO Liza Destiny at the Singapore yard.

    Scope
    Offshore facilities and operations
    Relationship start
    Nov 2017

  • Italy

    Saipem S.p.A.
    EPCI contractor

    Subsea umbilicals, risers and flowlines engineering, procurement, construction and installation for Liza Phase 1.

    Scope
    Subsea systems
    Relationship start
    2017