MODEC is constructing the Floating Production Storage and Offloading (FPSO) vessel for the Uaru project, which will be called the Errea Wittu. ExxonMobil is utilizing its diversified supplier base to help reduce costs and safely accelerate development in its Guyana operations.

Uaru is ExxonMobil’s 16th oil discovery in the Stabroek Block. The Uaru-1 well was drilled in a new reservoir, encountering approximately 94 feet (29 meters) of high-quality oil-bearing sandstone reservoir and was drilled in 6,342 feet (1,933 meters) of water.

May 8, 2023 · The Uaru FPSO is named ‘Errea Wittu’, which means ‘abundance’, and will be the fifth offshore FPSO in Guyana. The FPSO will combine the development of the Snoek, Mako and Uaru resources in the Stabroek block.

Jan 6, 2025 · Head of ExxonMobil Guyana Limited, Alistair Routledge has confirmed that 30 development wells will be drilled this year to support Yellowtail, Uaru and Whiptail, three massive oil projects offshore Guyana.

Jun 7, 2023 · The Uaru oil field was discovered by the Uaru-1, the first well, in January 2020. The discovery well was drilled to a depth of 1,933m (6,342ft) and encountered 29m (94ft) of high-quality oil-bearing sandstone reservoir.

Apr 28, 2023 · Guyana’s Ministry of Natural Resources (MNR) announced approval of the Uaru Field Development Plan and the issuance of the Uaru Petroleum Production License, on April 28. Hess Corporation, a 30% stakeholder in the project, said it made a final investment decision to proceed with the project after receiving government and regulatory approvals.

Oct 13, 2024 · ExxonMobil Guyana has said that its combined investments in Guyana, where it is currently producing oil in the Stabroek Block offshore, will hit US$55 billion in 2027 by which time its fifth and sixth projects will come on stream.

Jan 15, 2023 · EXXONMOBIL’S fifth project at the Uaru-Mako field is expected to be the largest yet in Guyana with a proposed development cost of US$12.7 billion (GY$2.6 trillion), according to the Environmental Impact Assessment (EIA) compiled by …

May 8, 2023 · Japan’s FPSO provider MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s floating production storage and offloading (FPSO) vessel, which will work on the U.S. energy giant’s recently sanctioned fifth offshore development project in Guyana.

Jan 10, 2023 · US supermajor ExxonMobil estimates the development of the Uaru field in the prolific Stabroek block offshore Guyana will cost about $12.7 billion, reflecting the impact of inflationary...