An Exxon Mobil (XOM)-led consortium will start installing its fourth floating production storage and offloading facility in Guyana after the vessel arrived in the country's waters this week, multiple news outlets reported Tuesday.

The FPSO, One Guyana, has a capacity of 250,000 barrels per day and was built by SBM Offshore, Reuters reported. The vessel is expected to boost the consortium's output capacity to about 940,000 barrels per day later this year.

One Guyana will support production from the Yellowtail development, where output is expected to begin later this year, News Room Guyana reported Tuesday, citing ExxonMobil Guyana.