FPSO ONE GUYANA Begins Operations
SBM Offshore recently announced that its floating production, storage, and offloading vessel, FPSO ONE GUYANA, has successfully begun production and is now officially on hire. This marks a significant milestone in offshore oil production, enhancing operational capabilities and supporting energy demands.
Innovative Design and Capacity
FPSO ONE GUYANA is a cutting-edge vessel built on SBM Offshore's acclaimed Fast4Ward program. This initiative combines a newly constructed, multi-functional hull with standardized topside modules, enhancing efficiency and reducing costs. The vessel is noted for being the fourth and the largest FPSO operated by SBM Offshore in its offshore operations, following the successes of its predecessors, such as Liza Destiny and Prosperity.
Production Specifications
This state-of-the-art FPSO is engineered to achieve an average annual oil production of around 250,000 barrels per day. It also boasts a gas processing capacity of 450 million cubic feet per day and a water injection capacity of 300,000 barrels per day. With a mooring system designed for deep water environments, it is positioned in approximately 1,800 meters of water and is capable of storing up to 2 million barrels of crude oil.
The Yellowtail Development Project
As part of the Yellowtail development within the Stabroek block, FPSO ONE GUYANA plays a critical role in tapping into the significant oil reserves located offshore. The Stabroek block, approximately 200 kilometers offshore, is operated by ExxonMobil Guyana Limited, which holds a substantial 45% stake. The development is shared with Hess Guyana Exploration Ltd and CNOOC Petroleum Guyana Limited, holding 30% and 25%, respectively.
Expanding Capacity for Future Growth
FPSO ONE GUYANA represents SBM Offshore's third major operational unit brought online in 2025. It follows the FPSOs Almirante Tamandaré and Alexandre de Gusmão, which commenced operations earlier in the year. Collectively, these three units add a remarkable installed capacity of 655,000 barrels of oil per day to SBM Offshore's portfolio, positioning the company for future growth in the energy sector.
Corporate Overview
SBM Offshore, a leader in deepwater ocean infrastructure, continues to innovate in the design, construction, installation, and operation of offshore floating facilities. With a dedicated team of over 7,800 professionals worldwide, the company focuses on delivering cleaner and more efficient energy solutions to support a sustainable future while balancing progress with ocean protection.
Contact Information
For more details, interested parties can contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
Phone: +31 (0)20 236 32 36
Email: wouter.holties@sbmoffshore.com
Media Relations
Giampaolo Arghittu
Head of External Relations
Phone: +31 (0)6 212 62 333 / +39 33 494 79 584
Email: giampaolo.arghittu@sbmoffshore.com
Frequently Asked Questions
What is FPSO ONE GUYANA?
FPSO ONE GUYANA is a cutting-edge floating production, storage, and offloading vessel operated by SBM Offshore.
What are its production capabilities?
It is designed to produce an average of 250,000 barrels of oil per day.
Who operates the Stabroek block?
The Stabroek block is operated by ExxonMobil Guyana Limited, with substantial interests held by Hess and CNOOC.
What sets this FPSO apart?
FPSO ONE GUYANA incorporates SBM Offshore's innovative Fast4Ward design program, combining a new hull with standardized modules.
How is SBM Offshore contributing to sustainable energy?
SBM Offshore focuses on delivering efficient energy solutions while promoting ocean protection, with a commitment to sustainability.
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