Singapore’s Keppel Offshore & Marine (Keppel O&M) is on track to deliver by the end of the first quarter the Prosperity floating production, storage and offloading vessel to US supermajor ExxonMobil for work offshore Guyana.

The company, a wholly owned subsidiary of Keppel Shipyard, was contracted to carry out the fabrication of several topsides modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures onto the floater.

Once concluded, the Prosperity FPSO will set sail to Guyana, where it is expected to produce for ExxonMobil and project partners Hess and CNOOC International in the Payara field in the prolific Stabroek block in the fourth quarter of 2023.

The Prosperity FPSO will be operated by Dutch floater specialist SBM Offshore and will be the third unit to enter operation in Guyanese waters.

“We are pleased to support SBM Offshore and ExxonMobil in contributing to Guyana’s oil and gas industry with a third FPSO for development in the Stabroek block,” said Keppel O&M chief executive Chris Ong.

The Prosperity FPSO will be deployed in water depths of about 1900 metres and will be able to process 220,000 barrels per day of oil and 400 million cubic feet per day of natural gas, with storage capacity of 2 million barrels of crude.

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