Guyana’s oil production is set to surpass one million barrels per day by the end of 2026, as ExxonMobil advances preparations for its fifth offshore development at Uaru.President of ExxonMobil Guyana, Alistair Routledge, on Thursday confirmed that the Errea Wittu Floating Production, Storage and Offloading (FPSO) vessel is nearing completion and is on track to sail to Guyana later this year.“The floating production, storage and offloading facility, the FPSO in Singapore, is almost complete,” Routledge said during a press conference at the company’s Ogle headquarters.He noted that significant progress has already been made on the vessel. “The majority of all of the modules have been lifted onto the top sides,” he explained, adding that integration work is now ongoing to ensure all systems function together.Guyana currently produces more than 900,000 barrels of oil per day from four projects in the Stabroek Block, Liza Phase One, Liza Phase Two, Payara and Yellowtail, and the addition of the Uaru development is expected to significantly increase output.“We anticipate that later this year, the FPSO will sail to Guyana, and before the end of the year, we expect Uaru to start up,” Routledge said.The Errea Wittu FPSO, which is being constructed by MODEC, will operate in the Uaru field, ExxonMobil’s fifth development offshore Guyana, with a production capacity of 250,000 barrels of oil per day and storage for up to two million barrels.According to Routledge, work is also progressing steadily on the development wells and subsea infrastructure required to support production.“We’ve completed 22 of the development wells for the Uaru project,” he disclosed.He further explained that preparations are ongoing for subsea installation works, which will connect the FPSO to the wells once it arrives offshore.“We’re…just getting prepared for the final season of installation of subsea umbilicals, risers and flowlines,” he said, adding that the vessel will be anchored and connected to the wells upon arrival.With Uaru coming on stream, Guyana’s production is expected to move beyond the one million barrels per day mark, further cementing the country’s position as one of the world’s fastest-growing oil producers.Looking ahead, ExxonMobil is continuing work on additional developments, including Whiptail, Hammerhead and Longtail, with the latter expected to play a major role in gas development alongside the Government of Guyana’s broader energy plans.
