The Arrival of Prosperity, Guyana’s third oil production vessel

ExxonMobil has announced the arrival of the Prosperity FPSO, Guyana’s third oil production vessel, which will commence production in the Payara field of the Stabroek Block later this year. The production manager of ExxonMobil Guyana, Mike Ryan, expressed his excitement about contributing to the energy future of Guyana and creating opportunities for the nation’s growth and prosperity. The Prosperity, constructed by SBM Offshore, has an initial production capacity of approximately 220,000 barrels of oil per day and a storage volume of two million barrels.

The Prosperity FPSO joins the Liza Destiny and Liza Unity FPSOs, which currently produce more than 380,000 barrels daily. Production from the Prosperity vessel is expected to push daily production to some 600,000 barrels daily in 2024.

Related posts

Guyana’s Budget 2025: Scrutinizing the Balance of Resource Management and Development

Guyana’s Development in the Era of Oil and Gas: Opportunities, Challenges, and Vision

Trump-Rubio-Trujillo 2025: Shifting Hemispheric Dynamics and Implications for Guyana