ExxonMobil Guyana has revealed ‘Errea Wittu’ is the name to be given to the floating production, storage, and offloading (FPSO) vessel intended for its fifth project, Uaru.
The name means ‘abundance’, said ExxonMobil Guyana Projects Environmental and Regulatory Advisor, Laurent Pardigon.
The company is undertaking public disclosure meetings along Guyana’s coast to discuss the results of the Environmental Impact Assessment (EIA) conducted by consultant Acorn International for the proposed Uaru project.
Errea Wittu will have oil storage capacity of two million barrels, and oil production design rate of 250,000 barrels per day (bpd). The FPSO will be able to offload approximately one million barrels onto a tanker in a period of approximately 24 hours.
The proposed FPSO vessel will be a new-built facility with double-hull protection. This FPSO will differ from the earlier four ordered by ExxonMobil from SBM Offshore for the Stabroek Block projects, as it will be delivered by MODEC.
The project will draw crude from the Uaru, Mako and Snoek fields. The combined recoverable resource therein is 1.319 billion barrels of oil-equivalent, according to estimates from Rystad Energy.
The field development plan is currently under review. Uaru is expected to be delivered by 2026. ExxonMobil has a 45% operating stake in the project. Hess has 30%, and CNOOC has 25%.