Sunday, June 26, 2022

ExxonMobil takes on additional studies for Uaru Project

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ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) disclosed that it has undertaken additional studies to obtain an even more comprehensive understanding of potential project discharges on Guyana’s environment.

In its application to the Environmental Protection Agency (EPA) for environmental authorisation of its fifth project, EEPGL said its studies will cover the impacts of effluent discharges to water, the feasibility of alternative handling of produced water, and cradle to grave waste management in Guyana.

Studies will also examine emergency response capabilities, and environmental compliance monitoring and verification. EEPGL said the learnings from current operations and environmental studies will no doubt enhance the design and implementation of the Uaru Project, thereby increasing environmental performance and economic value.

As regards the project, EEPGL said it will be located in the eastern portion of the Stabroek Block, approximately 200 km from Georgetown close to previous Stabroek Projects. Current plans include drilling to produce oil from approximately 40-76 wells.

Uaru to carry similar FPSO size as Yellowtail – EIA

Production is expected to begin between the fourth quarter of 2026 and the second quarter of 2027 with an expected field life of at least 20 years.

Furthermore, the Uaru Project’s Floating, Production, Storage, and Offloading (FPSO) vessel is expected to have an anticipated production rate between approximately 220,000 barrels and 275,000 barrels of oil per day. The vessel will be capable of storing approximately two million barrels of oil. Third-party oil tankers will be scheduled to offload the oil from the FPSO, making the oil available for export to the international market. The FPSO will also process, dehydrate, compress, and reinject associated gas produced from the reservoir.

Exxon’s 5th development to create over 1,500 jobs in Guyana

As the Uaru and Mako reservoir pressures deplete over time, EEPGL said this gas reinjection will help maintain reservoir pressure and allow for optimum production of hydrocarbons to continue over time.

First oil on this project could be achieved as early as the fourth quarter of 2026.

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