[Guyana] Yellowtail (Liza 4) - One Guyana (ONY) FPSO

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escveritas
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[Guyana] Yellowtail (Liza 4) - One Guyana (ONY) FPSO

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April 4 (Reuters) - Exxon Mobil Corp (XOM.N) on Monday decided to invest $10 billion in a fourth oil production project off the coast of Guyana, the largest in the South American country.

Guyana is one of Exxon's top bets for future production growth, with as much as 1.2 million barrels per day of oil and gas (boed) expected to be produced by 2027.

Exxon and partners Hess Corp (HES.N) and CNOOC Ltd Consortium started production in Guyana in 2019 and are responsible for all output in the country. They have discovered more than 10 billion barrels of recoverable oil.

Exxon's Yellowtail development in the Stabroek block is expected to produce about 250,000 barrels of oil per day starting in 2025. The $10 billion project is one of up to 10 that the companies plan to install in Guyana.

Exxon's fourth project at Yellowtail will "provide the world with another reliable source of energy to meet future demand and ensure a secure energy transition,” said Liam Mallon, president of Exxon's upstream company.

The final investment decision was made after receiving government and regulatory approvals on Friday.

Exxon named the offshore production unit for Yellowtail "One Guyana," it said. The project will include six drill centers and up to 26 production and 25 injection wells, the company said.

The three companies produced 120,000 boed in Guyana in 2021. Exxon isthe leading operator with a 45% stake.Partners Hess and CNOOC keep 30% and 25% of the output, respectively.

Earlier this year, the group started a new production vessel that will bring total capacity in the country to more than 340,000 barrels per day.
escveritas
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Re: [Guyana] Yellowtail - Liza 4

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Following ExxonMobil's Monday announcement on the FID of $10 billion in a fourth oil production project off the coast of Guyana, the largest in the South American country, SBM Offshore has announced that the company has been awarded, and will construct, install and then lease and operate the ONE GUYANA FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL.

The FPSO ONE GUYANA’s design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s new build, multi-purpose floater hull combined with several standardized topsides modules.

The FPSO will be designed to produce 250,000 barrels of oil per day, will have associated gas treatment capacity of 450 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in water depth of about 1,800 meters and will be able to store around 2 million barrels of crude oil.

The award follows completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.

Guyana is one of Exxon's top bets for future production growth, with as much as 1.2 million barrels per day of oil and gas (boed) expected to be produced by 2027.
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Re: [Guyana] Yellowtail - Liza 4

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TechnipFMC Receives Notice to Proceed and Adds Additional Contract for the Yellowtail Development

NEWCASTLE & HOUSTON, May 2, 2022 — TechnipFMC (NYSE: FTI) has been awarded an additional contract and received notice to proceed by ExxonMobil (NYSE: EOM) affiliate Esso Exploration and Production Guyana Limited for its Yellowtail development in the Stabroek Block offshore Guyana.

The newly announced significant(1) flexibles contract covers six risers which are qualified for high pressure and high temperature.

The Company has also been given full notice to proceed with the previously announced contract for the subsea production system (SPS), following ExxonMobil’s final investment decision in April.The initial award of the large(2) contract was announced in November 2021. TechnipFMC will provide project management, engineering, manufacturing and testing capabilities for the subsea production system, which includes 51 enhanced vertical deepwater trees (EVDT) and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.

The majority of the total contract awards will be included in the Company’s second quarter inbound orders.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are thrilled that our partnership with the Stabroek Block operator continues to grow. We have an established presence in Guyana to accommodate the level of activity there and we’re committed to further developing local capabilities.”

TechnipFMC currently employs 70 Guyanese, and expects to continue to hire and train additional local staff in support of these awards.

For TechnipFMC, a “significant” contract is between $75million and $250million.
For TechnipFMC, a “large” contract is between $500 million and $1 billion.
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Re: [Guyana] Yellowtail (Liza 4) - One Guyana (ONY) FPSO

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