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Oil production in Guyana to climb to 900K barrels per day… as 4th FPSO arrives
Kaieteur News- The Government of Guyana (GoG) announced on Tuesday the arrival of a fourth Floating Production Storage and Offloading vessel (FPSO), One Guyana.
The vessel will join the Liza Destiny, Liza Unity, and Prosperity FPSOs, currently producing a combined total of about 650,000 barrels per day (bpd). With a design capacity of 250,000 barrels, One Guyana will increase daily production to 900,000 bpd once operational.
The One Guyana FPSO
Currently, installation activities are ongoing to prepare for first oil at the project, which is expected to commence in the fourth quarter of this year as previously indicated by the president of ExxonMobil Guyana Limited (EMGL), Alistair Routledge.
In a statement on Tuesday, the Ministry of Natural Resources said, “The Government of Guyana is pleased to welcome the arrival of the One Guyana FPSO into Guyana’s waters. This marks a significant milestone in the advancement of offshore oil production and national development.”
The FPSO was constructed by Dutch shipbuilder, SBM Offshore. In addition to “an estimated minimum production capacity of 250,000 barrels of oil per day”, the vessel has a storage capacity of approximately two million barrels.
Government said the arrival of a fourth FPSO represents continued confidence in Guyana’s energy sector and the strength of the partnership between the government and co-venturers ExxonMobil, Hess, and CNOOC.
ExxonMobil Guyana Limited is the operator and holds 45 per cent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30 per cent interest, and CNOOC Petroleum Guyana Limited holds 25 per cent interest.
Commenting on the arrival of the vessel, Natural Resources Minister Vickram Bharrat said, “The arrival of the One Guyana FPSO is a powerful symbol of progress, not only in oil production but in the continued empowerment of our people through job creation, local business opportunities, and increased revenues that support development across Guyana.”
Meanwhile, ExxonMobil Guyana Production Manager Huzefa Ali stated, “The arrival of the One Guyana FPSO symbolises the unwavering collaboration between our team, the government and our industry partners. We are proud to play a pivotal role in shaping the energy landscape of Guyana while fostering sustainable development and empowering the communities we serve.”
The company, in a separate press statement, announced a ‘street festival’ to be hosted on May 3, to mark the vessel’s arrival and highlight the benefits of the Yellowtail project to Guyana, specifically with regard to expanding local content and increasing revenues to the nation.
Exxon said its ‘Yellowtail Local Street Festival’ will showcase Guyana’s talent, flavours and creativity, a free kids’ zone, and entertainment highlighting the best of Guyanese culture.
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