Keppel O&M to Deliver Guyana's Third FPSO

Source: 2/1/2023, Location: South America

The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.

Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a mega Floating Production Storage and Offloading vessel (FPSO) to SBM Offshore in 1Q 2023. This is the third FPSO that Keppel Shipyard is delivering to SBM Offshore and will be chartered to the consortium of ExxonMobil, CNOOC, and Hess to operate in offshore Guyana.

The vessel was named Prosperity FPSO by Guest of Honour, Her Excellency Mrs Arya Ali, the First Lady of the Co-operative Republic of Guyana at a ceremony held today at Keppel Shipyard.

Mr Chris Ong, CEO of Keppel O&M, said, “We are pleased to support SBM Offshore and ExxonMobil in contributing to Guyana’s oil and gas industry with a third FPSO for deployment in the Stabroek block. FPSO Prosperity reinforces Keppel O&M’s standing as the world leader in the integration of FPSOs and extends our track record of more than 130 FPSO projects. It also marks our 27th major project for SBM Offshore, building on the strong partnership that we have forged over decades of collaboration.”

Keppel O&M’s scope of work on FPSO Prosperity includes the fabrication of several topside modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules onto the FPSO.

The FPSO, which will be spread moored in water depth of about 1,900 metres, is designed to produce 220,000 barrels of oil per day, with associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. The FPSO will be able to store approximately 2 million barrels of crude oil.

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