A Deepwater Industry Being Built in Real Time

Guyana’s offshore development combines scale, speed and long-term potential. The Stabroek Block has moved from the Liza discovery in 2015 into a multi-development production system, creating an expanding network of wells, drill centres, subsea equipment, flowlines, risers and FPSO-linked infrastructure.

Jack-up drilling rig under tow by a support vessel at sea
900K
Stabroek production (BPD) reached by November 2025
0th
Yellowtail began production Aug 2025 as the fourth Stabroek development
0
Developments expected by 2030
1.7M
Expected production capacity (BPD) across eight developments

This matters to SHS because deepwater production is supported by an extensive installed base below the surface, and that installed base requires lifecycle support.

The Commercial Logic

The Subsea Multiplier

The subsea opportunity does not end when a development reaches first oil. Installation creates the asset base; production creates the need to protect it. As infrastructure accumulates and ages, inspection, integrity management, maintenance and intervention become increasingly important.

More Developments More Subsea Infrastructure Larger Installed Base More Inspection & Integrity Needs More Maintenance / Intervention Long-Duration ROV Demand
Below the Surface

Deepwater Production Is Supported by an Extensive Installed Base, and That Base Requires Lifecycle Support.

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Growing Installed Base

What Expands With Every Development

As Guyana’s offshore infrastructure accumulates, the volume of subsea assets requiring lifecycle support grows alongside it.

  • Production and injection wells
  • Subsea trees and well infrastructure
  • Manifolds and connection systems
  • Flowlines and pipelines
  • Risers and umbilicals
  • Mooring and associated structures
  • FPSO-linked subsea systems
  • Inspection data & asset-integrity requirements
Where We Fit

The SHS Opportunity

SHS operates at the intersection of three long-term trends.

01

Expansion of Guyana’s Offshore Infrastructure

A growing network of wells, manifolds, flowlines and FPSO-linked systems.

02

Increasing Lifecycle Support Requirements

As the installed base grows, so does the requirement for inspection, integrity management and intervention.

03

Increasing Guyanese Participation

Greater involvement in technically sophisticated segments of the petroleum value chain.

The opportunity extends beyond a single ROV contract. SHS operates as a local subsea platform positioned to participate across multiple phases of field life while progressively expanding its reach across operators and regional markets.

Field Development

Stabroek Block Development Timeline

2019
Liza Phase 1
2022
Liza Phase 2
2023
Payara
2025
Yellowtail
2026
Uaru
Expected
2027
Whiptail
Expected
2029
Hammerhead
Expected
By 2030
Longtail: Eighth Development
Subject to Sanction

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Growing With Guyana

Let’s Talk About the Opportunity Ahead