The Liza Destiny, Guyana’s first oil production vessel has arrived in the Stabroek Block.
The Floating, Production, Storage and Offloading (FPSO) vessel arrived following a 42 day journey from Singapore.
This FPSO is a significant component of the Liza Phase 1 development, which involves four undersea drill centers with 17 wells.
After clearing customs, hookup and installation of the Liza Destiny FPSO will begin. The Liza Phase 1 development is on track for startup by the first quarter of 2020 and will produce up to 120,000 gross barrels of oil per day.
Director of the Department of Energy, Dr. Mark Bynoe said, “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.