The ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel is now in Guyana waters.
The Ministry of Natural Resources in a press release noted that this is 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 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 Ministry 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,” according to Minister of Natural Resources, Vickram Bharrat.
Three local firms—ZECO, InFab, and Guyana Oil & Gas Support Services Inc. (GOGSSI)—contributed to the project by fabricating steel for the ONE GUYANA. Once operational, the vessel will help position Guyana as the world’s leading oil producer on a per capita basis.
A street festival will be held on May 3 to celebrate the arrival of the vessel and the benefits expected from the Yellowtail project.
