Bayphase, Stratoil Energy shortlisted to bid for review of Exxon’s Uaru project

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Guyana’s Ministry of Natural Resources has shortlisted Bayphase and Stratoil to vie for the contract to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru.

Initially, the list had stood at three, but De Godhyer & Mac Naughton ultimately did not make the cut.

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According to tender documents posted by Guyana’s National Procurement and Tender Administration Board (NPTAB), Bayphase bid US$797,480 while Stratoil bid US$709,470 to conduct the review.

The winning bidder will need to conduct a detailed assessment of the Uaru concept selection process, FDP and the environmental and social impact assessment.

Guyana could export gas from the upcoming Uaru project, but there’s a catch | OilNOW

Funding for the FDP review will come from a US$20 million World Bank (WB) loan for the Guyana Petroleum Resources Governance and Management Project (GPRGMP). In 2022, GY$88 million was set aside in the national budget to support this activity.

The Uaru development targets approximately 1.3 billion oil-equivalent barrels, making it the largest project expected offshore Guyana thus far. It will tap into the Uaru, Mako and Snoek fields in the eastern portion of the Stabroek Block. The project is expected to produce 250,000 barrels per day (bpd), representing one of the world’s highest production levels from a single floating unit.

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