ExxonMobil Guyana is evaluating the purchase of the ONE GUYANA floating production, storage, and offloading (FPSO) vessel ahead of its maximum lease expiration in August 2027. This update was reported by SBM Offshore in its third-quarter trading report, stating that the company is “contemplating the exercise of its contractual purchase option.”
If ExxonMobil proceeds with the purchase, it would increase its ownership of FPSOs in Guyana. The company has previously acquired the Liza Destiny, Liza Unity, and Prosperity FPSOs.
ONE GUYANA is SBM Offshore’s largest FPSO operating in the country. It was constructed under the Fast4Ward® program, utilizing a newbuild multi-purpose hull and standardized topsides.
The vessel has a production capacity of 250,000 barrels of oil per day and is capable of processing 450 million cubic feet of gas per day. Additionally, it has 300,000 barrels per day of water-injection capacity and storage for two million barrels of crude oil. The FPSO is spread-moored at a depth of 1,800 meters.
The vessel plays a key role in the Yellowtail development, supporting the fourth project in the Stabroek block, located approximately 200 kilometers offshore. ExxonMobil operates the block with a 45% stake, while Hess and CNOOC hold 30% and 25%, respectively.
SBM Offshore highlighted that the ONE GUYANA FPSO builds upon the “excellent operational performance” of the three other FPSOs already operating in Guyana.
