GEORGETOWN, Guyana (CMC) – ExxonMobil Guyana Tuesday announced the arrival of the floating production storage and offloading vessel, Prosperity, the third oil platform that will operate in the Stabroek block, offshore Guyana.

Prosperity was built in Singapore and earlier this year, it was named and launched by the the wife of President Dr Irfaan Ali. It joins the Liza Destiny and Liza Unity FPSOs, which are currently producing more than 380,000 barrels per day.

The vessel is part of the Payara development, which is the third development within the giant Stabroek block, offshore Guyana, that is shared by ExxonMobil (45 per cent), Hess Corporation (30 per cent) and the China National Offshore Oil Corporation (25 per cent).

The vessel has an initial production capacity of around 220,000 barrels of oil per day and an overall storage volume of two million barrels.

Officials here said production from the Prosperity vessel is expected to push daily production to an estimated 600,000 barrels daily next year.

“The arrival of the Prosperity FPSO is a testament to the strong partnership between ExxonMobil Guyana, the Government of Guyana, our co-venturers and the many suppliers that support our operations. We are excited to contribute to Guyana’s energy future and create lasting opportunities for the nation’s growth and prosperity,” ExxonMobil Guyana Production Manager Mike Ryan said in the statement.