ExxonMobil begins production at Yellowtail Field offshore Guyana

ExxonMobil reports that it has started production at the Yellowtail Field, the fourth oil development in Guyana’s offshore Stabroek Block.

Yellowtail’s ONE GUYANA FPSO vessel joins the Destiny, Unity and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 bbl/d of oil.

“Yellowtail’s ahead-of-schedule startup is a significant milestone for ExxonMobil and the people of Guyana,” said Dan Ammann, president of ExxonMobil Upstream Company. “With Guyanese making up more than 67% of the country’s oil-and-gas workforce and over 2,000 local businesses engaged, this project reflects our deepening roots in the country and our shared commitment to long-term, inclusive growth.”

The ONE GUYANA vessel is the largest FPSO on the Stabroek Block to date with an initial annual average production of 250,000 bbl/d of oil and a storage capacity of 2 MMbbl. Oil produced from the FPSO will be marketed as Golden Arrowhead crude.

By 2030, ExxonMobil says that it expects to have total production capacity of 1.7 MMboe/d from eight developments offshore Guyana.

The company noted that within five years, it has started up four complex “mega-projects” offshore Guyana, under budget and ahead of schedule – while simultaneously advancing plans for four additional projects by the end of the decade. 

ExxonMobil Guyana Ltd. operates the Stabroek Block and holds a 45% interest, with Hess Guyana Exploration Ltd. holding 30%, and CNOOC Petroleum Guyana Ltd. holding 25%.