ExxonMobil has let a subsea contract to Saipem SPA for Uaru oil field development in Stabroek block, offshore Guyana, the service provider said in a release Dec. 15 (OGJ Online, Apr. 27, 2021).
The contract includes design, fabrication, and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production installation. Saipem was previously awarded four subsea contracts by ExxonMobil Guyana for prior developments in Liza Phase 1 and 2, Payara, and Yellowtail, and will perform operations by using its vessels, including FDS2 and Constellation.
Uaru, in the eastern portion of the block at a water depth of around 2,000 m, will target 1.319 billion boe and is expected to come online end-2026 (OGJ Online, Oct. 26, 2022).
ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator of the 6.6-million-acre Stabroek block with 45% interest. Hess Guyana Exploration Ltd. holds 30% and CNOOC Petroleum Guyana Ltd. holds 25%.