SBM Offshore's FPSO ONE GUYANA Begins Production
SBM Offshore's FPSO ONE GUYANA Starts Production
SBM Offshore is excited to announce that its Floating Production Storage and Offloading unit, FPSO ONE GUYANA, has officially begun producing oil. This marks a significant milestone for the company as it continues to expand its global footprint in the offshore energy sector.
FPSO ONE GUYANA Overview
Built on the innovative Fast4Ward program, the FPSO ONE GUYANA integrates a newly designed, multi-purpose hull alongside standardized topside modules. As the largest and fourth FPSO managed by SBM Offshore in this region, FPSO ONE GUYANA enhances the company’s track record established by FPSOs Liza Destiny, Liza Unity, and Prosperity, contributing to successful operations in challenging offshore environments.
Operational Features of FPSO ONE GUYANA
FPSO ONE GUYANA has impressive capabilities, initially targeting an annual average production of 250,000 barrels of oil per day. It also features a gas treatment capacity of 450 million cubic feet per day and a water injection capacity of 300,000 barrels per day. The unit is strategically moored in water approximately 1,800 meters deep and can store up to 2 million barrels of crude oil.
Significance for the Stabroek Block
This FPSO plays a crucial role in the Yellowtail development, which is part of the prolific Stabroek block. Located around 200 kilometers offshore, this project showcases the partnership between ExxonMobil Guyana Limited—who maintains a 45 percent stake—and other partners like Hess Guyana Exploration Ltd and CNOOC Petroleum Guyana Limited, exemplifying collaboration in harnessing offshore resources.
Recent Developments in SBM Offshore Portfolio
Alongside FPSO ONE GUYANA, the company has also introduced two other major units in 2025, namely FPSO Almirante Tamandaré and FPSO Alexandre de Gusmão, which collectively bolster an increase in installed capacity by 655,000 barrels of oil per day. This commitment emphasizes SBM Offshore's focus on enhancing its portfolio to meet the energy demands of tomorrow.
Commitment to Cleaner and Efficient Energy
SBM Offshore is not just a leader in offshore operations but also a driving force towards a cleaner energy future. The firm is actively working on pioneering solutions that promote sustainability and balance ecological concerns with economic growth. With over 7,800 dedicated professionals worldwide, the company embraces innovation as it develops energy solutions while protecting our oceans.
Future Endeavors and Initiatives
Looking forward, SBM Offshore aims to expand its reach even further within the blue economy by exploring new markets and leveraging technology to optimize production. The ongoing advancements in their Fast4Ward program illustrate their strategic approach in responding to the evolving demands of the energy sector.
Corporate Communication and Contact Information
For inquiries or additional details, you can reach out to: Wouter Holties, Corporate Finance & Investor Relations Manager, via phone at +31 (0)20 236 32 36 or by email at wouter.holties@sbmoffshore.com. For media-related questions, contact Giampaolo Arghittu, Head of External Relations, at +31 (0)6 212 62 333 or +39 33 494 79 584, or via email at giampaolo.arghittu@sbmoffshore.com.
Frequently Asked Questions
What is FPSO ONE GUYANA?
FPSO ONE GUYANA is a newly commissioned floating oil production unit by SBM Offshore, designed for efficient offshore oil extraction.
How much oil can FPSO ONE GUYANA produce?
The FPSO is designed to produce an average of 250,000 barrels of oil per day.
Where is FPSO ONE GUYANA located?
It is located in the Stabroek block, around 200 kilometers offshore, in water depths of approximately 1,800 meters.
What role does SBM Offshore play in promoting sustainability?
SBM Offshore is committed to developing cleaner and more efficient energy solutions, actively working towards sustainability in offshore energy production.
Who are the partners involved in the Stabroek block?
The project involves ExxonMobil Guyana Limited, Hess Guyana Exploration Ltd, and CNOOC Petroleum Guyana Limited as key stakeholders.
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