…“an important chapter in Guyana’s development story” – Min Bharrat

Guyana’s fifth offshore project, the Uaru Development, is on track for start-up this year with the arrival of the Errea Wittu Floating Production, Storage and Offloading (FPSO) vessel in local waters. Using the Errea Wittu FPSO, which was constructed by Japanese-owned MODEC and had set sail from Singapore early August, the US$12.7 billion Uaru project targets more than 800 million barrels of recoverable oil in the Stabroek Block. The FPSO is designed to produce approximately 250,000 barrels of oil per day (bpd) – the largest vessel to operate offshore, taking the country’s output to more than one million barrels per day. The Errea Wittu vessel now joins the four FPSOs currently operating in the Stabroek Block: Liza Destiny (Liza Phase One Project), Liza Unity (Liza Phase Two), Prosperity (Payara Project), and One Guyana (Yellowtail Project), which together are producing approximately 900,000 of oil per day. The prolific Stabroek Block is operated by United States (US)-based oil major ExxonMobil Guyana Limited, which holds a 45 per cent interest along with co-venturers Chevron with a 30 per cent stake and CNOOC Petroleum Guyana Limited with the remaining 25 per cent. In a Facebook post on Friday, Exxon said the arrival of this new FPSO in local waters represents an important milestone for the continued development of its offshore operations.

According to the US-oil giant, the named Errea Wittu means “Abundance” in the Warrau language. It noted that the vessel celebrates Guyana’s rich Indigenous heritage and the promise of opportunity and growth. “We are proud to see Guyanese companies and professionals contributing to milestones like this as the industry continues to grow. As we celebrate the vessel’s safe arrival, our teams are now focused on the next phase of work to prepare the Errea Wittu for start-up,” Exxon stated.