Once the Government of Guyana and ExxonMobil conclude discussions on the Payara Field Development Plan, the American multinational is expected to spend some US$3.6B for development works. This is according to Rystad Energy, an independent energy research and business intelligence company based in Norway.
In one of its latest reports, Rystad noted that SBM Offshore is operating under an advanced commitment on the Payara Floating Production Storage and Offloading (FPSO) vessel with ExxonMobil and its partners while adding that the contractor has started procurement activities in collaboration with Chinese and Singaporean yards.
Guyana Standard understands that the Chinese yard Shanghai Waigaoqiao Shipbuilding (SWS) is responsible for supplying the hull for the FPSO and the topsides will be built by Dyna-Mac and Keppel.
Rystad said it is now only a matter of when the final investment decision takes place, and it expects this to happen soon.