- ExxonMobil announces milestone in offshore operations
ExxonMobil Guyana on Wednesday said that the Prosperity Floating, Production, Storage And Offloading (FPSO) vessel, utilised in the Payara project, has achieved background flare in 39 days, well within the 60-day target outlined in the project’s environmental permit.
It said that this accomplishment marks a significant milestone in the company’s commitment to efficient and environmentally responsible offshore operations.
“Delivering ahead of expectation underscores the value of the lessons learned from our previous projects, which we applied meticulously to Payara’s start-up. We are committed to delivering results that build on our track record of operational excellence,” said ExxonMobil Guyana President, Alistair Routledge.
The oil company said that like the Liza projects, the Payara project design eliminates routine flaring by using produced gas to power the FPSO and reinjecting the rest of the gas into the reservoir to improve oil recovery, thereby reducing emissions.
The Payara project, which began production on November 14, is currently producing more than 180,000 barrels of oil daily.
“It is on track to reach its initial production capacity of 220,000 barrels per day during the first quarter. Total production from the first three Stabroek block projects is currently over 550,000 barrels per day and expected to reach more than 600,000 barrels per day later this year,” ExxonMobil Guyana said.
