In addition, subject to a final investment decision in 2017, SBM will receive the contract to construct, install, and operate the vessel.
ExxonMobil submitted an application for a production license and its initial development plan for the Liza field in early December.
The development plan, submitted to the Guyana Ministry of Natural Resources, includes development drilling, operation of the FPSO, and subsea, umbilical, riser, and flowline systems.
The Liza field has a potential recoverable resource estimate in excess of 1 Bboe and is located in the Stabroek block approximately 120 mi (193 km) offshore Guyana. The Stabroek block currently comprises 6.6 million acres (26,800 sq km).
EEPGL is the operator and holds a 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30% interest, and CNOOC Nexen Petroleum Guyana Ltd. holds a 25% interest.
Neil Duffin, president of ExxonMobil Development Co., said: “Liza development activities are steadily progressing, and we’re excited to reach this important milestone. We look forward to working with the government of Guyana to develop its valuable resources, which have the potential to provide long-term, sustainable benefits to the country.”