The President of ExxonMobil Guyana Alistair Routledge has announced that plans are on stream to have the Prosperity Floating, Production, Storage and Offloading (FPSO) vessel commence operations later this year as part of the Payara Field Development Project in the Stabroek Block.
The FPSO vessel arrived Guyana in April, and is projected to produce up to 220,000 barrels of oil per day.
“We are on track to start that project up by the end of this year, which will then bring our combined capacity for production to over 600,000 barrels per day of oil,” Mr Routledge told reporters during a press conference at ExxonMobil’s Kingston Office today.
The Exxon President said the Liza Destiny and Liza Unity FPSOs are performing well.
“I’m delighted to say that the first two project, Liza Phase 1 and 2, the Destiny and Unity FPSOs are operating very well. In fact, in the first quarter of this year, they were able to deliver an average production of 375,000 barrels per day, and have been able to demonstrate rates of 400,000 barrels per day combined,” he said.
He said as the company pumps oil offshore Guyana, the country, and more so its people are reaping the benefits.
In 2022, the company and its partners injected more than $80B or US$400M into the local economy directly benefiting 1,500 businesses. With more developments on stream, Mr Routledge said the benefits are expected to increase. Already, 5000 Guyanese are working in the Petroleum the Industry.
“So, I think it is important to the country that we continue this trend of investment, because it secures and underpins all the activities that are going with it,” he said.
Among the development projects in the pipeline is the Whiptail project.
Mr Routledge said that Exxon has committed to submit a field development plan, and already started the process for the environmental permit.
Just recently, the Government approved the Uaru Project, which is the fifth offshore development project in Guyana.
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