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PROJECT PROFILE · FPSO

Payara

The third offshore oil development in the Stabroek Block

In production

Project Overview

Payara is the third offshore development in the Stabroek Block and is operated by ExxonMobil Guyana Limited. Stabroek interests are ExxonMobil Guyana 45%, Hess Guyana 30% and CNOOC Petroleum Guyana 25%. The development achieved first oil through the Prosperity FPSO on 14 November 2023.

FPSO and Local Execution

Prosperity uses the newbuild Fast4Ward MPF 3 hull and has design oil-processing capacity of 220,000 barrels per day and storage of approximately 2 million barrels. Shanghai Waigaoqiao Shipbuilding built the hull, Dyna-Mac fabricated the main topsides modules, and Keppel fabricated riser and mooring structures and integrated the modules. Saipem completed subsea EPCI and fabricated 48 rigid jumpers in Georgetown. ExxonMobil Guyana acquired the FPSO in November 2024, and SBM Offshore continues O&M through 2033.

Key Milestones

  1. Government approval

    Payara moves into full execution.

  2. FPSO award

    SBM Offshore receives construction, installation and initial lease-and-operate scope.

  3. First oil

    Prosperity starts production.

  4. FPSO purchase completed

    ExxonMobil Guyana takes ownership while SBM Offshore continues O&M.

FPSO Construction and Execution Scope

Workstream Executing Party Scope Status
Overall FPSO delivery SBM Offshore Engineering, construction, installation and initial lease operations Completed
Hull construction Shanghai Waigaoqiao Shipbuilding Fast4Ward MPF 3 hull Completed
Modules and integration Seatrium (legacy Keppel O&M) Riser and mooring structures and topsides integration Completed
Subsea works Saipem Subsea EPCI and local jumper fabrication in Guyana Completed
Operations and maintenance SBM Offshore Continued O&M after the FPSO sale through 2033 Ongoing

Portfolio Navigation

Participants and roles

Key participants and their project roles.

  • United States

    ExxonMobil
    Operator

    Operator of Payara and owner of FPSO Prosperity.

    Scope
    Ownership and governance

  • Netherlands

    SBM Offshore
    EPCI contractor

    Engineering, procurement, construction and installation of FPSO Prosperity, followed by initial lease-and-operate services.

    Scope
    Offshore facilities and operations
    Shipowner / lessor

    Operations and maintenance of FPSO Prosperity under the integrated model through 2033.

    Scope
    Offshore facilities and operations
    Relationship start
    2 May 2023

  • China

    Shanghai Waigaoqiao Shipbuilding Co., Ltd.
    Hull builder

    Construction of the Fast4Ward multi-purpose floater hull for FPSO Prosperity.

    Scope
    Offshore facilities and operations

  • Singapore

    Seatrium Limited
    Integration assembler

    Topsides integration and completion of FPSO Prosperity at the Singapore yard.

    Scope
    Offshore facilities and operations

  • Italy

    Saipem S.p.A.
    EPCI contractor

    Subsea umbilicals, risers and flowlines engineering, procurement, construction and installation for Payara.

    Scope
    Subsea systems
    Relationship start
    14 Nov 2019