ExxonMobil’s expanded operations are set to boost subsea tree installations in 2024, with a projected 12% contribution, according to Rystad Energy. This surge follows Equinor, which accounted for 17% of total subsea tree installations this year. Exxon’s focus is primarily on Guyana, driven by major projects like Yellowtail and Payara, highlighting the region’s growing importance in the subsea sector.
The Yellowtail development plan includes six drill centers and up to 67 development wells, comprising 26 production and 25 injection wells. TechnipFMC will install a subsea production system, featuring 51 enhanced vertical deepwater trees, 12 manifolds, and associated equipment.
Bourbon Clear vessel in Guyana to support Yellowtail development operations | OilNOW
The Yellowtail vessel, designed for Exxon’s fourth Stabroek Block development, will produce 250,000 barrels of oil per day, with gas treatment capacity of 450 million cubic feet per day and water injection capacity of 300,000 barrels per day. The vessel will operate in water depths of about 1,800 meters and store around two million barrels of crude oil.
Payara achieved first oil in November 2023 and reached its initial target production of 220,000 barrels per day in January 2024.
