GEORGETOWN, Guyana, Aug 8, CMC – The Guyana government Friday said that the first oil has been achieved from the One Guyana Floating Production, Storage and Offloading (FPSO) vessel, the country’s fourth offshore development within the prolific Stabroek Block.
In a statement, the Ministry of Natural Resources described the FPSO as Guyana’s largest production vessel, to date and that “one Guyana will be producing approximately 250,000 barrels of oil per day (bpd).
“With this addition, Guyana’s total daily crude output will surpass 900,000 bpd, up from the previous combined average of 677,000 bpd across the Liza Destiny, Liza Unity, and Payara Prosperity FPSOs.”
The ministry said the vessel will develop the Yellowtail and Redtail fields, discovered in 2019 and 2020, respectively and is equipped with state-of-the-art Subsea, Umbilicals, Risers and Flowlines (SURF) infrastructure, enabling production from 26 production wells and 25 water-alternating-gas (WAG) injection wells.
(Details in Business section)
CMC/2025