SUBSCRIBE
PROFILE

SBM Offshore commissions FPSO One Guyana, fourth unit operated in the country

FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE

SBM Offshore announced the start-up of FPSO One Guyana, now officially in service, as part of the Yellowtail offshore oil project located about 200 kilometres off the coast of Guyana. This unit is the fourth and largest installed by the company in the country, following FPSOs Liza Destiny, Liza Unity and Prosperity.

FPSO One Guyana is based on SBM Offshore’s Fast4Ward® industrial programme, which combines a newbuild multipurpose hull with standardised topside modules. Designed to produce an average of 250,000 barrels of oil per day, it has an associated gas treatment capacity of 450 million cubic feet per day and a water injection capacity of 300,000 barrels per day. The unit is spread-moored at a water depth of about 1,800 metres and can store up to 2 million barrels of crude oil, with systems designed to facilitate continuous maintenance operations.

A project integrated into the Stabroek block
FPSO One Guyana is part of the Yellowtail development, the fourth major project within the Stabroek block. This block is operated by ExxonMobil Guyana Limited, a subsidiary of Exxon Mobil Corporation, which holds a 45% stake. Hess Guyana Exploration Ltd holds 30%, and CNOOC Petroleum Guyana Limited, wholly owned by CNOOC Limited, holds 25%.

The unit’s technical specifications, including the integration of standardised modular systems, aim to simplify scheduled interventions and reduce downtime. The use of interchangeable components and unified procedures across the Fast4Ward® fleet optimises logistics and secures spare parts supply.

Production capacity and operational continuity
FPSO One Guyana joins two other Fast4Ward® units commissioned in 2025: Almirante Tamandaré, operational since February 16, and Alexandre de Gusmão, in service since May 24. Together, these units increase SBM Offshore’s installed capacity by 655,000 barrels per day, while applying harmonised maintenance protocols on an international scale.

These facilities are expected to help maintain high unit availability, a key factor in sustaining production volumes and reducing operating costs in deepwater offshore projects.

  • Popular on energynews.pro
Adapture Renewables launches its first storage projects with 74 MWh in Texas
RWE secures four maintenance vessels to support its offshore wind fleet in Europe
Rubellite Energy Corp. records an 81% increase in cash flow in Q2 2025
Suncor Energy posts net profit of $1.13 bn in the second quarter of 2025
Chinese oil companies strengthen their presence in the Iraqi market
Belectric commissions a 96.7 MW solar power plant in Germany
Belectric, part of the Elevion Group, has inaugurated its largest photovoltaic park in Bavaria, generating around 105 GWh per year, with operations and maintenance to be handled in-house.
Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices
The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.
Norway inaugurates Johan Castberg, driver of offshore activity and maintenance
The Johan Castberg oil field starts at full capacity, ensuring production and maintenance operations over several decades in the Barents Sea.
IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
Exus Renewables secures key financing for Cibele solar plant in Portugal
Exus Renewables has secured financing for its 130MW Cibele solar plant in Portugal, with MUFG EMEA acting as sole lead arranger and exclusive financial partner.
Canada joins EU and G7 to lower the Russian oil price cap
The Canadian government adopts a new dynamic cap of $47.60 per barrel for Russian oil, aligning its position with that of the European Union and the United Kingdom.
Quercus and Elionia secure €76 mn for three biomethane plants in Italy
Quercus Real Assets and Elionia finalise a €76 mn bank financing to build three biomethane plants in Italy, with 50% of the debt guaranteed by SACE.
Ørsted launches DKK60 bn capital increase with Danish state backing
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
Santos Extends ADNOC Exclusivity Despite Major Regulatory Hurdles
The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
AMIGO LNG awards EPC contract to COMSA Marine for marine facilities in Mexico
AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.
Canada allocates $1.83 mn to TerraFixing to develop carbon capture
The federal government is funding an Ottawa-based company’s project to design a CO2 capture unit adapted to cold climates and integrated into a shipping container.
Petrus Resources increases quarterly production despite falling prices
Petrus Resources reports a 3% increase in production in the second quarter of 2025, while reducing operating costs and maintaining its annual production and investment forecasts.
Boralex reports a decline in EBITDA in Q2 despite increased production
Boralex saw its earnings before interest, taxes, depreciation and amortization fall by 13% in the second quarter of 2025, despite a 14% increase in production, due to less favourable prices in France and lower revenues from joint ventures.
D3Energy launches 6 MW floating solar park in Ohio
D3Energy has begun construction on a 6 MW floating solar system in Monroeville, designed to supply the local grid and become the largest floating installation in Ohio.
CES Energy Solutions posts record revenue in Q2 2025
The Canadian supplier of chemical solutions for the oil industry generated CAD574 mn ($419.9 mn) in revenue in the second quarter, up 4% year-on-year, and announced a quarterly dividend.
Iran-Iraq clandestine oil network generates three billion dollars annually
Baghdad denies any involvement in sophisticated smuggling system mixing Iranian and Iraqi oil. Washington sanctions networks accused of financing designated terrorist organizations.
Mozambique: TotalEnergies Faces Security Dilemma Before LNG Project Restart
Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.
OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts
The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
Infinity Power secures two 80 MW solar concessions in Côte d’Ivoire
Infinity Power and the Ivorian government have signed two concession agreements for photovoltaic plants totalling 80 MW, under the World Bank’s Scaling Solar programme.
EnBW maintains 2025 guidance despite 7% drop in EBITDA
EnBW posted adjusted EBITDA of €2.4 billion in the first half of 2025, supported by its diversified operations, and confirmed its annual targets despite unfavourable weather conditions.