Oct 24, 2024 News One of SBM’s FPSO working in the Stabroek Block Kaieteur News – The rapid pace at which ExxonMobil Guyana Limited (EMGL) and the Government of Guyana (GoG) have advanced oil projects in the Stabroek Block has been crucial to the success of Dutch shipbuilder, SBM Offshore the world’s undisputed leader in floating production, storage and offloading vessels (FPSOs). Chief Executive Officer (CEO) of SBM Offshore, Øivind Tangen In a recently aired interview by OilNow, SBM’s Chief Executive Officer (CEO) Øivind Tangen emphasised, “I think the pace of the development in Guyana, and this is very much also, you know, driven by Exxon and how projects have come to investment decisions very fast, coincided with our Fast4Ward programme and us always wanting to be, you know, anticipating the next prospects.” Tangen noted that the speed of Guyana’s development has been an eye-opener for many other countries, whether they are newly discovering oil or are established oil producers.
He explained that Guyana is showing the world a different approach that can significantly shorten the time between discovery and first oil. “And even how you go from first oil to, let’s call it, plateau production,” he added. The SBM Offshore CEO highlighted the synergy between ExxonMobil, the Government of Guyana, and SBM’s Fast4Ward programme.
He explained that the convergence of these factors has allowed for an effective partnership that has had a major impact on SBM’s.