Page 36: of Offshore Engineer Magazine (Sep/Oct 2025)

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DISCOVERY TRINIDAD & TOBAGO

SBM Offshore constructed and installed the ONE GUYANA FPSO for ExxonMobil’s

Yellowtail field, the fourth and largest project in the Stabroek block.

Credit: SBM Offshore

USD$3 billion per year in transit fees, before the launch of another fve-year term, ExxonMobil Guyana Limited the Nord Stream pipeline, which bypassed Ukraine. (EMGL) could soon receive approval for its eighth Ul-

The Russian-Ukraine gas disputes caused a signifcant tra Deep-water oil and gas development in the Stabroek fall-off in supplies to the European Union. This along- Block, known as the Longtail project, following review of side coincidental attempts by Ukraine to monetize it huge EMGL Field Development Pan (FDP) by the Petroleum natural gas resources in the Donbas region since 2014 and Department of the Ministry of Natural Resources. This now occupied by Russian as a means of controlling the alongside the simultaneous review of their Environmental supply side of European energy equation. Russia’s share Impact Assessment (EIA) by the Georgetown headquar- of EU imports of pipeline gas dropped from over 40% in tered Environmental Protection Agency. 2021 to about 11% in 2024. As of August 2025, over 8,900 persons are employed directly and through contractors, and Guyana’s offshore infrastructure comprised of some four (4) operational

GUYANA’S ESSEQUIBO:

Floating Production Storage Offoading ships (FPSOs)

PROSPERITY FOR SOME,

PROVOCATION FOR OTHERS named LIZA DESTINY, LIZA UNITY, PROSPERITY

The ongoing Essequibo dispute with the Bolivarian and ONE GUYANA with a ffth, the JAGUAR currently

Republic of Venezuela is one of today’s clearest examples under construction at the Seatrium yard in Singapore by of how oil and gas can intensify long-standing territorial SBM Offshore (AMS: SBMO). With a design name plate conficts. Venezuela claims about two-thirds of Guyana’s capacity to handle crude production at a rate of 250,000 land area, known as the Essequibo region which is made barrels per day (b/d) JAGUAR is expected to be perma- up of around 160,000 kilometers square. It argues that the nently moored about 200 kilometers offshore Guyana. 1899 arbitral award giving Britain (then-colonial ruler of This design is based on its Fast4Ward program and rein-

Guyana) the territory was invalid. When Guyana gained forces SBM Offshore “commitment to standardize eff- its Independence in 1966, Venezuela renewed its claim. cient and sustainable offshore productions solutions.”

The Geneva Agreement that same year left the issue unre-

TRINIDAD & TOBAGO JOINS THE solved, with the United Nations later becoming involved.

ULTRA DEEPWATER RACE

EXXON MOBIL’S OFFSHORE These immense offshores discoveries found in the prolif-

DISCOVERIES PUT GUYANA ic Cretaceous-aged formations in Guyana, and nearby Su-

CENTER STAGE riname estimated to be larger than the entire Gulf of Mex-

With the recently concluded elections held in Septem- ico (renamed by U.S. authorities in 2025 as the Gulf of ber resulting in the incumbent government led by Dr. America) can easily mirror into cross-border success in the

Mohamed Irfaan Ali being democratically voted to serve adjacent 7,165 square kilometers Ultra Deep-1 (TTUD-1) 36 OFFSHORE ENGINEER OEDIGITAL.COM