Uaru Oil Field

Summary Information

• Operator: Exxon
• Country: Guyana
• Location: Stabroek Block, Offshore
• Production start: Scheduled 2026
• Partners: Esso - 45 %, Hess - 30 % and CNOOC - 25 %
• Type: Oil / Gas
• Estimated Reserves: 800 million barrels of oil
• Production Volume:

Description

• The development will utilise the Uaru FPSO
• The Uaru project plans to include up to 10 drill centers and 44 production and injection wells aimed at developing an estimated resource of more than 800 million barrels of oil.

Contractors

• Modec: FEED for FPSO
• Saipem: Design, fabrication and installation of subsea structures, risers, flowlines and umbilicals
• TechnipFMC: Project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.

History

• 2020 - Uaru field discovered
• 2021 - Second successful well drilled
• 2022 - Modec awarded FPSO contract
• 2022 - Saipem awarded subsea contract
• 2023 - Exxon makes FID
• 2023 - Chevron agreed to acquire Hess, becoming a partner

Links

1. ExxonMobil ups Guyana recoverable resources to more than 8 billion oil-equivalent barrels, makes discovery at Uaru
2. Hess Announces Oil Discovery at Uaru-2, Offshore Guyana
3. MODEC awarded FEED contract for ExxonMobil’s “Uaru” project in Guyana
4. Saipem awarded new offshore contracts for a total amount of approximately 1.2 billion USD
5. ExxonMobil Guyana advances fifth offshore Guyana development
6. TechnipFMC Awarded Large Subsea Contract for ExxonMobil Guyana’s Uaru Project
7. Chevron announces agreement to acquire Hess