July 23, 2024

ExxonMobil Says Prosperity FPSO Set to Begin Major Operations This Year

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The president of ExxonMobil Guyana, Alistair Routledge has announced that plans are on stream to have the Prosperity Floating, Production, Storage and Offloading (FPSO) vessel commence operations later this year as part of the Payara Field Development Project in the Stabroek Block.

The FPSO vessel arrived in Guyana in April this year, and is projected to produce up to 220,000 barrels of oil per day.

During a press conference at ExxonMobil’s Kingston Office recently Routledge said, “We are on track to start that project up by the end of the year, which will bring our combined capacity for production to over 600,000 barrels per day of oil.”

He also stated that the first two projects Liza Destiny and Liza Unity FPSOs are performing well and as the company pumps oil offshore Guyana, the country and its people are reaping the benefits.

In 2022, the company and its partners injected more than G$80 billion (US$400 million) into the local economy directly benefiting 1,500 businesses. With more developments on stream, Routledge said the benefits are expected to increase as there are currently 5,000 Guyanese working in the petroleum industry.

Just recently, the government approved the Uaru Project, which is the fifth offshore development project in Guyana.

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