Exxon prepares for April arrival of Prosperity FPSO with development drilling, installation at Payara field

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Shikema Dey
Experienced Journalist with a demonstrated history of working in the media production industry and a keen interest in oil and gas, energy, public infrastructure, agriculture, social issues, development and the environment.

Development drilling at ExxonMobil Guyana’s Payara field continues in preparation of the Prosperity floating production, storage and offloading (FPSO) vessel’s arrival from Singapore.

MarineTraffic estimates the vessel will arrive in mid-April.

According to Guyana’s Maritime Administration (MARAD), the development activities will conclude by Aug 31, 2023. It will incorporate the use of the Deck Barge CBC 1267, LD Tug Boka Expedition and the PSV Knock Out P vessels. 

The area is situated approximately 102.27 nautical miles (189.4 kilometers) off the Coast of Guyana and covers an area of 136.8 square nautical miles (469.3 square kilometers). 

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MARAD said that installation activities are also ongoing in the Payara field, utilising the PLV Saipem Constellation vessel. Those will conclude on November 30, 2023. 

The Prosperity vessel will be operated by SBM Offshore, for ExxonMobil Guyana. 

Payara is expected to achieve first oil sometime this year at the Stabroek Block’s Payara project. It will add 220,000 barrels per day (bpd) to crude production offshore. Adding to the Liza projects, Payara will take production to approximately 600,000 bpd. 

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ExxonMobil is the operator of the Stabroek Block with a 45% stake, supported by Hess (30%) and CNOOC (25%). ExxonMobil has discovered 11 billion barrels of oil-equivalent there, and plans to place six FPSOs offshore Guyana by 2027.

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