The Government of Guyana said today that it is pleased to welcome the arrival of the ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel into Guyana’s waters.
This marks a significant milestone in the advancement of offshore oil production and national development.
Constructed by SBM Offshore, the ONE GUYANA FPSO will support ExxonMobil Guyana’s Yellowtail development in the prolific Stabroek Block.
With an estimated minimum production capacity of 250,000 barrels of oil per day and a storage capacity of approximately two million barrels, the vessel will bring total daily production capacity in the Stabroek Block to around 900,000 barrels once operations commence later this year.
The ONE GUYANA FPSO is the fourth production vessel to arrive in Guyana, joining the Liza Destiny, Liza Unity, and Prosperity FPSOs. It represents continued confidence in Guyana’s energy sector and the strength of the partnership between the Government and co-venturers ExxonMobil, Hess, and CNOOC.
On the vessel’s arrival, Minister of Natural Resources, Vickram Bharrat, shared, “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.”
The ministry reaffirms its commitment to ensuring that the oil and gas sector continues to be developed transparently and sustainably for the benefit of all Guyanese.
Meanwhile, in a statement, ExxonMobil Guyana Production Manager Huzefa Ali stated, “The arrival of the ONE GUYANA FPSO symbolizes 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.”
ExxonMobil said a street festival will be held on May 3 to mark the vessel’s arrival and highlight the benefits of the Yellowtail project to Guyana – growing local content and increasing revenues to the nation. The Yellowtail Local Street Festival will showcase Guyana’s talent, flavours and creativity, a free kids’ zone, and entertainment highlighting the best of Guyanese culture.
ExxonMobil Guyana Limited is operator and holds 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.
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