Uaru is a conventional oil development located in ultra-deepwater in Guyana and is operated by Esso Exploration and Production Guyana. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Uaru was discovered in 2017, lies in block Stabroek, with water depth of around 6,342 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $12,700 m. The Uaru conventional oil development will involve the drilling of approximately 58 wells and includes FPSO and subsea trees.
Field participation details
The field is owned by China National Offshore Oil, Exxon Mobil and Hess.
Production from Uaru
Production from the Uaru conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, to approximately 250,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 890.65 Mmboe, comprised of 890.65 Mmbbl of crude oil & condensate.
Contractors involved in the Uaru conventional oil field
Some of the key contractors involved in the Uaru project as follows.
Design/FEED Engineering: Mitsui E&S Holdings
EPC Contractors: Eni
Other Contractors: Mitsui E&S Holdings, Acorn International and Strohm
About Esso Exploration and Production Guyana
Esso Exploration and Production Guyana Ltd. (Esso Exploration and Production Guyana) is a company that explore and produce oil and gas products.The company is headquartered in Guyana.
For more details on the Uaru Conventional Oil Field, buy the profile here.