THE much-anticipated ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel arrived in Guyana’s waters last Tuesday. Slated for operations in the Yellowtail development, it joins the Liza Destiny, Liza Unity, and Prosperity FPSOs already producing oil in the prolific Stabroek Block offshore Guyana.

Constructed under SBM Offshore’s Fast4Ward® programme, the ONE GUYANA FPSO brings a production capacity of 250,000 barrels per day and storage for two million barrels of oil—a critical addition to Guyana’s growing offshore operations. Once production begins later this year, national output is expected to climb to nearly 900,000 barrels per day—a remarkable milestone for a country that began producing oil just over five years ago, in December 2019.
In 2024 alone, Guyana earned US$2.57 billion (GY$ 536 billion) from its three operating FPSOs. With the arrival of this fourth vessel, those figures are poised to rise, but this isn’t just about numbers on a balance sheet—it’s about real, measurable impact on people’s lives.

Before it even reached our shores, the ONE GUYANA FPSO was already creating opportunities for Guyanese. More than 200 tonnes of steel fixtures were fabricated locally by Industrial Fabrications Incorporated (InFab), Guyana Oil & Gas Support Services Inc. (GOGSSI), and ZECO Group of Services—demonstrating just how deeply local businesses are now embedded in the industry’s supply chain.

Now that the vessel is here, the benefits will multiply. These companies and others will play key roles in its ongoing maintenance, logistics, and support services. In addition to technical roles, Guyanese workers and businesses are also delivering essential services—from catering and cleaning to transport and crew transfers. This isn’t just about oil—it’s about a diversified ecosystem that stretches into multiple sectors of the economy.

The FPSO’s arrival is a clear signal of how far Guyana has come, not just in oil production but in building local capacity and industry resilience. In a recent statement, Minister of Natural Resources Vickram Bharrat captured this well, noting:
“The arrival of the ONE GUYANA FPSO is a powerful symbol of progress, not only in oil production but in the continued empowerment of our people through job creation, local business opportunities, and increased revenues that support development across Guyana.”
The rollout of the Local Content App by the Local Content Secretariat is another step towards making those opportunities more accessible, whether for entrepreneurs seeking contracts or individuals pursuing skilled jobs in the sector. Since the Local Content Act was passed, over 1,200 Guyanese businesses

have registered with the Secretariat. In 2025, the projected value of local content in the oil and gas sector is set to surpass US$847 million, an increase of nearly US$104 million over 2024.

The ONE GUYANA FPSO isn’t just another vessel—it represents national progress. The revenues it will generate will fund roads, support education and healthcare, and enhance the quality of life for all Guyanese. As the production grows, so too does the country’s capability—and with that, Guyana’s influence on the global energy stage.