- Guyana’s fourth FPSO to operate in Yellowtail development with initial production capacity of 250,000 barrels per day
   - Arrival of ONE GUYANA FPSO reflects collaboration with government and industry partners
   - May 3 Yellowtail Local Street Festival to highlight project benefits

ExxonMobil Guyana (ExxonMobil) announced the arrival of the ONE GUYANA Floating, Production, Storage and Offloading (FPSO) vessel in Guyanese waters. This vessel joins the Destiny, Unity and Prosperity FPSOs in the Stabroek block offshore Guyana.

Constructed by SBM Offshore, the ONE GUYANA FPSO will operate in the Yellowtail development, with an initial production capacity of 250,000 barrels per day, and an overall storage volume of around two million barrels. Production from the Yellowtail project is expected to commence later this year following completion of installation and well activities, bringing daily production capacity across EMGL operations to approximately 900,000 barrels.

ExxonMobil Guyana Production Manager Huzefa Ali stated, “The arrival of the ONE GUYANA FPSO symbolizes the unwavering collaboration between our team, the government and our industry partners. We are proud to play a pivotal role in shaping the energy landscape of Guyana while fostering sustainable development and empowering the communities we serve."

A street festival will be held on May 3 to mark the vessel’s arrival and highlight the benefits of the Yellowtail project to Guyana - growing local content and increasing revenues to the nation. The Yellowtail Local Street Festival will showcase Guyana’s talent, flavours and creativity and will include a children's zone and entertainment highlighting the best of Guyanese culture.

ExxonMobil Guyana Limited is operator and holds 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

About ExxonMobil

ExxonMobil (NYSE: XOM), one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs.

The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States.

In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.

With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050