ExxonMobil and partners plan to add a fourth FPSO to the Stabroek Block offshore Guyana, further boosting the country's oil production.
Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana , Hess Corp.’s CEO has said, as quoted by Reuters. The floating production, storage, and offloading vessel should reach its destination in the first quarter of next year, John Hess said, speaking at the Wolfe Research oil and gas conference. The start of operation for the new FPSO is scheduled for later in the year.
Over the shorter term, Exxon was planning to boost production by 18,000 barrels daily by increasing the capacity of one already operating FPSO in the Stabroek Block. A senior company executive said last month this boost was in the plans but needed to get the green light from the Guyanese government first. The new FPSO, for its part, will be stationed at the Yellowtail discovery, which is seen adding some 300,000 bpd to total production from the block, to a total of around 900,000 barrels daily.
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