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 (ExxonMobil), 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.

About SBM Offshore

SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.

About ExxonMobil

ExxonMobil, 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.