SBM Offshore is seeing “great benefits” from its newest Fast4Ward® floating, production storage and offloading vessels (FPSOs), Jaguar for Guyana and GranMorgu for Suriname.
According to the company’s 2024 Annual Report, its standardization philosophy is driving results. “The standardization philosophy that underpins all our Fast4Ward® FPSOs equally provides great data points across the lifecycle of our FPSO product, optimizing our execution capabilities and asset performance management,” the report, released this week, outlined.
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The FPSO Jaguar is its fifth project for ExxonMobil in Guyana. “Together with FPSO ONE GUYANA, FPSO Jaguar will bring the production capacity of the fleet to 1.08 mbbls/day (million barrels per day),” the company reported. It said, “Our current Guyanese operations are producing well above the initial name-plate capacity.”
For Suriname, SBM Offshore said the GranMorgu FPSO will mark a major step forward in sustainability. The vessel will feature “an all-electric drive, zero routine flaring, and gas reinjection systems.”
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GranMorgu is designed to produce “up to 220,000 barrels of oil per day” from around 30 wells. Reserves for the project are estimated at 750 million barrels.
The company is also ramping up its digital strategy. “In parallel, we are advancing our digital program to be even better positioned through our growing data bank.
