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Crondall Energy Acts as Lead Technical Advisor in Liza Destiny FPSO Conversion

Crondall Energy is pleased to have acted as technical advisor to Société Générale, London Branch, as the lead technical bank, during project financing of SBM Offshore’s conversion of the Liza Destiny FPSO. 

The Liza Destiny FPSO was converted at Keppel Shipyard in Singapore and successfully achieved first oil in December 2019. SBM Offshore is leasing the Liza Destiny to ExxonMobil in Guyana, where it is producing the first oil in Guyana’s history on the Liza field in the Stabroek Block. 

Crondall Energy is a leading provider of technical advisory services to Lenders during financing of floating production and FLNG projects. Founded in 2001, Crondall Energy has now advised on 31 financing transactions for FPSOs, FSOs, FLNG, FSRUs and other floating production technologies. The technical advisory team comprised industry experts from Crondall Energy’s UK and Singapore offices.



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