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PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

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The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore.

First Lady of Guyana, Arya Ali, attended a reception hosted by ExxonMobil, at the Four Seasons Hotel in Singapore, ahead of the ceremony. She is to be ‘godmother’ of the massive offshore floater. 

The Prosperity will head for Guyana waters in the first quarter of this year, to be put in operation in the Stabroek Block at ExxonMobil’s Payara reservoir.

It is the third project for Guyana and is expected to produce about 220,000 barrels of oil per day (bpd) after startup. Producing alongside Liza Phases 1 and 2, Payara will take production offshore Guyana to more than 580,000 bpd.

Guyana has been deemed as a world-class leader in fast-tracking its oil and gas resources, as it is the government’s plan to get extract and benefit from its petroleum wealth before the world transitions to cleaner, greener energy.

And this falls within Exxon’s mandate, as the operator of the Stabroek Block, as it has three more developments in the pipeline; the fourth – Yellowtail – has already been approved by the government.

The Prosperity was built by SBM Offshore and is modeled after the same sustainable design that got the Liza Unity the American Bureau of Shipping’s SUSTAIN-1 Notation, and which was recognised to be in keeping with the United Nation’s Sustainable Development Goals (SDG). The Liza Unity vessel was the first ever in the world to cop the notation. It was also the first to be built with SBM’s Fast4Ward® specifications. Since then, SBM Offshore has been applying the Fast4Ward® principles across its product portfolio. 

Updates on the Prosperity FPSO project brought to you by GLASS
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