Information on the target
ONE GUYANA is a Floating Production Storage and Offloading (FPSO) vessel located in the Yellowtail field, offshore Guyana. Celebrating its first year of operations on August 8, 2026, the vessel has achieved significant operational and financial milestones, marking a successful collaboration between SBM Offshore and ExxonMobil. The FPSO has not only enhanced fleet capacity but has also set new benchmarks in sustainability and operational excellence within the offshore oil exploration and production sector.
Delivered under SBM Offshore’s Fast4Ward program, ONE GUYANA exemplifies the company's commitment to accelerating FPSO delivery while reducing costs and enhancing health, safety, security, and environmental (HSSE) performance. The vessel has been recognized for its advanced sustainability standards, receiving the SUSTAIN-1 notation from ABS, which underscores its contributions to pollution prevention, greenhouse gas reduction, and marine ecosystem protection.
Industry overview in the target’s specific country
The Oil Exploration & Production - Offshore industry in Guyana has experienced a remarkable transformation over the past few years, driven by significant discoveries of oil reserves in the Stabroek Block. This region has become one of the most promising offshore oil exploration areas globally, attracting substantial investments from major oil companies, including ExxonMobil, Hess Corporation, and CNOOC. The government's favorable regulatory framework and commitment to developing the sector have further catalyzed growth, positioning Guyana as a key player in the global energy landscape.
In 2025, the country saw the commencement of multiple FPSO projects, including ONE GUYANA, which have collectively contributed to a substantial increase in production capacity. The combined output from these FPSOs is projected to reach over 1.2 million barrels per day by 2027, significantly impacting both the local economy and the global oil supply chain. The influx of foreign direct investment has also led to the development of local infrastructure and services, creating jobs and fostering economic diversification.
Moreover, the offshore oil industry in Guyana is characterized by its commitment to sustainability and environmental stewardship. Companies operating in the region are increasingly adopting advanced technologies and practices to minimize their ecological footprint. Initiatives aimed at protecting marine ecosystems and promoting the well-being of local communities are becoming integral to operational strategies, reflecting a growing awareness of the industry's social responsibilities.
As the industry continues to evolve, Guyana's offshore oil exploration and production sector is poised for sustained growth, driven by technological advancements and a collaborative approach t…