(Kaieteur News) – With four Floating Production Storage and Offloading vessels (FPSOs) landed in Guyana’s waters between 2019 and 2025 and major developments in the making, Guyana has taken the spotlight as a key global hotspot.

Rystad Energy in an FPSO Market Outlook Whitepaper noted that South America continues to dominate the global FPSO pipeline through 2028. The report explained that in Brazil, Petrobras is advancing multiple units across two major programmes while in Guyana, ExxonMobil continues to systematically unlock resources at its Stabroek Block. The report highlights three new FPSOs planned for Guyana in 2026 (Longtail), 2027 (Haimara) and 2028 (Bluefin).

To date seven projects have been approved in Guyana, with four vessels already producing oil and three expected to be delivered over the next three years.