SBM Offshore is pleased to announce that FPSO Prosperity has produced first oil as of November 14, 2023 and is formally on hire.
The FPSO Prosperity utilizes a design that largely replicates the design of the FPSO Liza Unity. As such, the design is based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the Company’s new build, multi-purpose hull combined with several standardized topsides modules. The FPSO is designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels per day. The FPSO is spread moored in water depth of about 1,900 meters and will be able to store around 2 million barrels of crude oil.
The FPSO is part of the Payara development which is the third development in the Stabroek block, circa 200 kilometers offshore Guyana. ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, is the operator and holds a 45 percent interest in the Stabroek block, Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Petroleum Guyana Limited, holds a 25 percent interest.
Bruno Chabas, CEO of SBM Offshore, commented:
“We are proud of the successful delivery of FPSO Prosperity which is attributable to the outstanding work of the teams and the close collaboration with ExxonMobil Guyana. The unit was delivered in less than four years following the start of the engineering phase, which is a significant achievement considering the challenging environment. The FPSO Prosperity is the third delivery in Guyana in four years, combining competitive and low emission intensity energy.”