Guyana
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block. -
The nation set to offer 14 offshore blocks in April.
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The Uaru development is expected to pump 250,000 barrels of oil at peak.
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The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
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Projects in the running include one each from Nigeria, Saudi Arabia, and Guyana.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
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Contractor will conduct FEED work on ExxonMobil’s Uaru development, which is expected to lead to construction and installation work.
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The government is targeting a “fairer share” of the revenues from oil and gas developments.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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Target sands for the Beebei-Potaro well find water.
