Introduction of ONE GUYANA FPSO

ONE GUYANA

GEORGETOWN, Guyana, CMC—The Guyana government said Tuesday that the arrival of the ONE GUYANA Floating Production, Storage, and Offloading (FPSO) vessel marks a significant milestone in the advancement of offshore oil production and national development.

Significance of the FPSO Arrival

“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,” said Natural Resources Minister, Vickram Bharrat.

Technical Details of the FPSO

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 Ministry of Natural Resources said in a statement.

Position of ONE GUYANA FPSO in Guyana’s Energy Sector

It said 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,” the ministry said, reaffirming its commitment to ensuring that the oil and gas sector continues to be developed transparently and sustainably for the benefit of all Guyanese.

Conclusion

The arrival of the ONE GUYANA FPSO marks a significant milestone in Guyana’s offshore oil production and national development. The vessel’s estimated production capacity and storage capacity will contribute to the country’s economic growth and development.

Frequently Asked Questions

Q: What is the ONE GUYANA FPSO?

A: The ONE GUYANA FPSO is a Floating Production, Storage, and Offloading vessel that will support ExxonMobil Guyana’s Yellowtail development in the Stabroek Block.

Q: What is the production capacity of the ONE GUYANA FPSO?

A: The vessel has an estimated minimum production capacity of 250,000 barrels of oil per day.

Q: What is the storage capacity of the ONE GUYANA FPSO?

A: The vessel has a storage capacity of approximately two million barrels.