The One Guyana Floating Production, Storage and Offloading (FPSO) oil platform for ExxonMobil’s Yellowtail project has successfully entered dry dock at the Keppel yard in Singapore and three local companies will be fabricating fixtures for it.
The One Guyana FPSO entered dry dock on March 24th, 2023. In a brief statement, SBM Offshore said the project team will continue construction with next steps being the installation of the mooring structures and riser balcony.
It was also disclosed that the topside construction is progressing as per project schedule.
“The FPSO is being constructed for our client ExxonMobil Guyana and will join three other SBM Offshore-constructed FPSOs, Liza Destiny and Liza Unity, in Guyanese waters as well as Prosperity currently in transit to Guyana,” SBM said.
The One Guyana builds on the design experience of the Liza Destiny, Liza Unity and Prosperity FPSOs. It will be designed to produce approximately 250,000 barrels of oil per day and will have associated gas treatment capacity of 450 million cubic feet per day, and water injection capacity of 300,000 barrels per day. It will be spread moored in water depth of about 1,800 meters and will be able to store around 2 million barrels of crude oil.
The Yellowtail project is ExxonMobil’s and its partners’ fourth development in the Stabroek Block and is considered the largest undertaking since Guyana became an oil-producing nation in December 2019.
As part of the Yellowtail Project, ExxonMobil plans to drill between 45 and 67 wells for the 20-year duration of the investment. It is intended to be the largest of the four developments with over 250,000 barrels of oil per day targeted once production commences. Oil production should commence in the latter part of 2025.
Meanwhile, SBM’s office here yesterday said that three local companies will be making fixtures for installation on the FPSO. On March 28, the company hosted the Steel Strike Cere-mony at Industrial Fabrications Incorporation (InFab) on the East Coast of Demerara, to initiate the start of work by the companies—InFab, Guyana Oil and Gas Support Services Incorporated (GOGSSI) and Zeco Group of Services, a release from the SBM office here said.
SBM Offshore’s General Manager, Martin Cheong said that this is the second vessel for which Guyanese companies were contracted to fabricate fixtures—the first being the Prosperity FPSO. InFab and GOGSSI were hired in 2021 to make fixtures for the Prosperity FPSO.
General Manager of Zeco Group of Services, Mohinder Singh noted in the press release that this is the first such opportunity for the company, adding, “Words cannot give justice to the anticipation and elation we feel as we commence our journey with SBM Offshore Guyana. We are honoured to be involved in the construction of the One Guyana FPSO.”
Meanwhile, Managing Direc-tor of InFab, Jerry ‘Max’ Goveia said, “The greatest resource of the twenty-first century is our human resource. This is a testament that ExxonMobil Guyana and SBM Offshore are committed to developing the Guyanese workforce…We provided fixtures for the Prosperity FPSO two years ago, and we are proud to play a role for the One Guyana FPSO as well.”
Director of GOGSSI, Nicholas Deygoo-Boyer told the ceremony, “As a result of these companies’ local content efforts, Guya-nese men and women are now at the forefront, providing key services to the oil and gas industry. This day is a culmination of the hard work of the Operator, ExxonMobil Guyana and contractors like SBM Offshore who—even before the local content law—had their own internal policy to ensure Guyanese are given jobs in the industry.”
Cheong underlined SBM’s commitment to local content, and commended the companies for their efforts in meeting the standards of the global oil and gas industry.
