FPSO ONE GUYANA Built for ExxonMobil Oil Project Successfully Leaves Drydock

SBM Offshore’s fourth unit destined for Guyana—the FPSO ONE GUYANA—recently successfully left drydock and has now moved along quayside at the Seatrium yard in Singapore. Joining her soon will be three topsides modules, completed at SBM’s JV partner yard QMW in China, which are currently in transit. As construction continues, the project team is preparing for installation and integration of the topsides’ modules at quayside.

The FPSO is being constructed for our client, ExxonMobil Guyana, and in 2025 will join three other SBM Offshore-operated FPSOs currently producing in Guyanese waters. The FPSO ONE GUYANA builds on the experience to date of three preceding FPSOs—Liza Destiny, Liza Unity, and Payara Prosperity. Her design is based on SBM Offshore’s industry leading Fast4Ward^® program that incorporates the Company’s new build, multi-purpose hull and several standardized topsides modules.

FPSO ONE GUYANA has been designed to produce approximately 250,000 barrels of oil per day, with an associated gas treatment capacity of approximately 450 million cubic feet per day, and water injection capacity of approximately 300,000 barrels per day. The FPSO will be spread-moored in water depth of around 1,800 meters and will be able to store around 2 million barrels of crude oil.

The project is part of the Yellowtail offshore development, which is the fourth development within the Stabroek block, circa 200 kilometers offshore Guyana. ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC Petroleum Guyana Limited holds a 25 percent interest.