ExxonMobil and its partners in the Uaru project have taken a final investment decision (FID) on it. This is ExxonMobil’s fifth FID offshore Guyana, estimated to cost US$12.7bn and to reach operations in 2026.
The operator has recently received all regulatory approval for Uaru from government authorities. The development will feature 44 production and injection wells targeting the development of 800 million barrels of oil.
Modec is the supplier of the Errea Wittu FPSO to be installed in Uaru, with construction work ongoing.
For more information, please visit EICDataStream.