Consulting organisation Crondall Energy has been awarded a technical consultant role on the SBM Offshore-owned Liza Unity FPSO destined for ExxonMobil’s project off Guyana.
Crondall said on Tuesday it would be supporting MUFG Bank Ltd (MUFG) as lenders’ technical consultant for the Liza Unity FPSO project financing. MUFG is acting as a technical bank on behalf of a group of lenders for the financing facility.
The EPCI project is being undertaken by SBM Offshore for ExxonMobil’s Liza field in Guyana.
Crondall Energy’s scope of services includes the initial technical due diligence on the project as well as an ongoing monitoring role through the EPCI project development phase. The scope covers all aspects of the facility including project management, process engineering, marine engineering and a review of the project contracting framework.
The Liza Unity uses a standardized MPF hull developed by SBM and fabricated in China with topsides modules and integration being carried out by Keppel in Singapore. In March 2021, Keppel completed the topsides lifting campaign for the FPSO. The overall project management is done by SBM.
Anna-Louise Peters, Managing Director of Crondall Energy’s consultancy business said that the ongoing work in support of lenders and financiers on a number of FPSO developments reflects Crondall Energy’s deep knowledge and understanding of these complex projects, as well as its ability to assist lenders in managing the development phase and addressing the risks inherent in offshore projects.
The SBM Offshore-owned FPSO Liza Destiny has been producing oil for ExxonMobil from the Liza field since December 2019, less than five years after the first discovery of hydrocarbons.