MONACO – ExxonMobil has awarded contracts to SBM Offshore for the deepwater Yellowtail oil development, the fourth in the Stabroek Block offshore Guyana.
SBM Offshore will construct, install, and then lease and operate the FPSO ONE GUYANA for a period of up to two years. Thereafter ownership and operation will transfer to Esso Exploration & Production Guyana.
The award follows completion of FEED studies, receipt of government approvals and the final investment decision by the block co-venturers.
Yellowtail is around 200 km (124 mi) offshore. The FPSO is based on SBM Offshore’s Fast4Ward program, based around a newbuild, multi-purpose floater hull with standardized topsides modules.
It will produce 250,000 b/d of oil, with gas treatment capacity of 450 MMcf/d and water injection capacity of 300,000 b/d. The vessel will be spread moored in a water depth of about 1,800 m (5,905 ft), with storage for around 2 MMbbl of crude oil.
SBM Offshore will seek to boost the Guyanese content, recruiting Guyanese engineers into the ONE GUYANA project team.
A special purpose company of SBM Offshore (70%) and McDermott (30%) will manage the project’s turnkey phase, with the FPSO wholly owned by SBM Offshore.