With the Uaru development plan (FDP) finalised, oilfield giant Saipem has been given the green light by ExxonMobil Guyana to commence the final phase of the subsea work for the Stabroek Block project.
Saipem said the awarded scope of work includes the design, fabrication and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility.
Saipem will be utilising its flagship vessels FDS2 and the Saipem Constellation to continue the works. It had initiated limited activities – detailed engineering and procurement.
This project consolidates Saipem’s presence in the country, as it has been previously awarded four other subsea contracts by ExxonMobil Guyana for developments in the same area, including Liza Phase 1 and 2, Payara, and Yellowtail.
The Uaru Development Project will target 250,000 barrels per day (bpd), the highest production capacity of any floating production vessel planned for the Stabroek Block yet. First oil could be achieved as early as the fourth quarter of 2026.
ExxonMobil said that the project will target up to 76 developmental wells – including production, water injection and gas re-injection wells.
Read more about Exxon’s plans to develop resources offshore Guyana:
A timeline of Exxon’s oil development projects in Guyana | OilNOW
