One Guyana oil platform arrives
The One Guyana Floating Production, Storage and Offloading (FPSO) vessel arrived in local waters yesterday.
Built by SBM Offshore, the vessel will support ExxonMobil’s Yellowtail development, the fourth major project in the Stabroek Block.
The FPSO is engineered for a minimum production capacity of 250,000 barrels of oil per day and a storage capability of around two million barrels. Once operational later this year, it will push total production in the Stabroek Block to approximately 900,000 barrels per day solidifying Guyana’s standing as a key player in the global energy market.
