{"id":31458,"date":"2026-08-18T18:13:23","date_gmt":"2026-08-18T22:13:23","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=31458"},"modified":"2026-08-18T18:13:23","modified_gmt":"2026-08-18T22:13:23","slug":"largest-oil-fpso-to-enter-guyanas-waters-this-week-president-ali","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/largest-oil-fpso-to-enter-guyanas-waters-this-week-president-ali\/","title":{"rendered":"Largest Oil FPSO to enter Guyana\u2019s waters this week -President Ali"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p class=\"wp-block-paragraph\">-by Celestine Chacon<\/p>\n\n\n\n<ul class=\"wp-block-list\"><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The largest oil Floating Production, Storage and Offloading vessel is set to enter Guyana\u2019s waters this week after sailing from Singapore.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This development was announced by President Dr. Irfaan Ali today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8220;This vessel was built by modec for the cost of US US$12.7 billion it is the largest vessel in Guyana\u2019s fleet designed to add roughly 250,000 barells of oil per day and push national output above 1 million barell per day for the first time<\/strong>,&#8221; he said. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Ali noted that Guyana\u2019s four existing FPSOs ,Liza Destiny, Liza Unity, Prosperity and One Guyana are currently produces a combined estimated 900,000 to 920,000 barrels per day.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-18-at-1.18.27-PM-1024x682.jpeg\" alt=\"\" class=\"wp-image-31450\" srcset=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-18-at-1.18.27-PM-1024x682.jpeg 1024w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-18-at-1.18.27-PM-300x200.jpeg 300w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-18-at-1.18.27-PM-768x512.jpeg 768w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/08\/WhatsApp-Image-2026-08-18-at-1.18.27-PM.jpeg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">President Dr. Irfaan Ali<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">He says Guyana\u2019s share of the profit oil has also increased significantly, reflecting the reduction in costs allocated to cost recovery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;<strong>Guyana\u2019s share of Stabroek Block oil has increased from 12.5 per cent to 39.8<\/strong> <strong>per cent<\/strong>,&#8221; the president revealed. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The arrival of the new FPSO represents another major expansion of Guyana\u2019s offshore oil production capacity as development of the Stabroek Block continues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>-by Celestine Chacon The largest oil Floating Production, Storage and Offloading vessel is set to enter Guyana\u2019s waters this week after sailing from Singapore. This development was announced by President&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31459,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,362,350,428],"tags":[488,1212,370,412,405,431],"class_list":["post-31458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-low-carbon-development","category-news","category-oil-gas","tag-488","tag-fpso","tag-guyana","tag-ncn-guyana","tag-ncn-news","tag-oil-and-gas"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=31458"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31458\/revisions"}],"predecessor-version":[{"id":31460,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31458\/revisions\/31460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/31459"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=31458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=31458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=31458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}