4th FPSO to set sail from Singapore to Guyana early next year – ExxonMobil

Guyana’s fourth floating, production, storage and offloading (FPSO) vessel, the “One Guyana”, currently under construction in Singapore, is expected to set sail for Guyana early next year. This was revealed by ExxonMobil Guyana President Alistair Routledge during a press conference last week.
“The hull is fully constructed, the first module has been lifted onto the topside, it’s come out of the drydock, and now all the other modules that need to go onto the topside of the FPSO are being finalised and added on,” Routledge explained.
“Most of the remainder of the year will then be integration: how to integrate all the modules, the cabling, the pipework, and everything else…,” he added, as he disclosed that the goal is for this FPSO to set sail from Singapore to Guyana at around the end of the first quarter of 2025.

The “One Guyana” FPSO would be able to produce 250,000 barrels of oil per day, and would have a storage capacity of two million barrels of crude oil. The vessel would be designed to perform produced water treatment, as well as oil separation and gas injection functions. It would include a flare tower, safety system, power generation capability, and crude metering system.
The “One Guyana” FPSO will operate on ExxonMobil’s fourth project, Yellowtail.
It is being constructed by SBM Offshore, a Dutch-based global group of companies which had constructed the previous FPSOs.
There are currently three FPSOs operating in Guyana’s offshore waters: The Liza Destiny, the Liza Unity and the Prosperity. They are respectively working on the Liza One, Liza Phase Two, and Payara projects.
The Yellowtail development is located in the eastern portion of the Stabroek Block, and involves the development of the Yellowtail and Redtail fields. It is scheduled to begin production in 2025 with an estimated investment of US$10 billion, and is expected to generate approximately 1,300 jobs across four phases. It has previously been reported that the development plan for Yellowtail includes six drill centres and the drilling of up to 67 development wells.

Six FPSOs are expected to be operating offshore Guyana by 2027. The fifth FPSO, which would be named ‘Errea Wittu’, meaning “abundance” in the Warrau Indigenous language, would operate in the Urau project. It would have oil storage capacity of two million barrels, an oil production design rate of 250,000 barrels per day, and be able to offload approximately one million barrels onto a tanker in a period of approximately 24 hours.
This vessel will be delivered by MODEC, a Japanese company which has confirmed construction of this FPSO with a ceremony held on February 2. Start-up of the US$12.7 billion Uaru development is targeted for 2026.
The sixth FPSO, named Jaguar after Guyana’s national animal, is earmarked for the Whiptail Project.
“We submitted the EIA last year. We submitted the field development plan, we’re working through multiple reviews and queries from the Government and advisors…,” Routledge said, in giving an update on that project.
He expressed hope that by the end of this quarter, “we’ll have cleared all of those questions and we can align around the environmental permit and the production licence.”
Whiptail, startup of which is expected in late 2027 or early 2028, will cost some US$12.9 billion and is also expected to have a production capacity of 250,000 barrels of oil per day. It is the last project on ExxonMobil’s list of six to come online by 2027 in the Stabroek Block. It will take total production offshore Guyana to more than 1.3 million barrels of oil per day. (G11)