Oil production at Yellowtail development should start later this year 

See below the full release from ExxonMobil Guyana Limited: 

April 15, 2025: ExxonMobil Guyana today announced the arrival of the ONE GUYANA Floating, Production, Storage and Offloading (FPSO) vessel in Guyanese waters.  This vessel joins the Destiny, Unity and Prosperity FPSOs in the Stabroek Block offshore Guyana.

Constructed by SBM Offshore, the ONE GUYANA FPSO will operate in the Yellowtail development, with an initial production capacity of 250,000 barrels per day, and an overall storage volume of around two million barrels.  Production from the Yellowtail project is expected to commence later this year following completion of installation and well activities, bringing daily production capacity across EMGL operations to approximately 900,000 barrels.

ExxonMobil Guyana Production Manager Huzefa Ali stated, “The arrival of the ONE GUYANA FPSO symbolizes the unwavering collaboration between our team, the government and our industry partners. We are proud to play a pivotal role in shaping the energy landscape of Guyana while fostering sustainable development and empowering the communities we serve.”

A street festival will be held on May 3 to mark the vessel’s arrival and highlight the benefits of the Yellowtail project to Guyana  –  growing local content and increasing revenues to the nation.  The Yellowtail Local Street Festival will showcase Guyana’s talent, flavours, and creativity, a free kids’ zone, and entertainment highlighting the best of Guyanese culture.

ExxonMobil Guyana Limited is operator and holds 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.