Exxon’s fifth Guyana development – Uaru – continues to progress with the first pipe being delivered to the Vreed-en-Hoop Shore Base (VEHSI).
ExxonMobil Guyana’s Global Projects Cost Engineering Manager, Rebecca Cvikota shared this detail during the first round of public scoping meetings for its proposed Hammerhead development.
Keel laying for Uaru FPSO done five weeks ahead of schedule – MODEC | OilNOW
“You’ll be excited to know that yesterday, we actually delivered our very first pipe to VEHSI for Uaru…that [development] has not even started installation yet but the piping is ready to come to Guyana,” she said.
Valued at US$12.7 billion, the Uaru development aims to tap into an estimated resource base exceeding 800 million barrels of oil. It will feature up to 10 drill centers and 44 production and injection wells. The project, to come onstream in 2026, is expected to target initial production of 250,000 barrels per day (b/d).
In preparation for Uaru’s operations, MODEC is constructing the floating production, storage, and offloading vessel named Errea Wittu, under an engineering, procurement, and construction contract.
VEHSI is a joint venture between NRG Holdings Inc., a Guyanese consortium of majority locally-owned businesses — National Hardware Guyana Limited, ZRN Investments Incorporated, and Jan De Nul Group. It is part of the larger Port of Vreed-en-Hoop, which will be Guyana’s first modern multi-purpose port situated in Foreshore Plantation, West Bank Demerara.
VEHSI will serve as ExxonMobil’s special purpose vehicle for the Yellowtail development – Guyana’s fourth oil production project.
