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Guyana's Oil Boom: 5th FPSO to Boost Production
15 Nov
Summary
- Guyana's fifth FPSO, Errea Wittu, begins oil production next week.
- The Uaru project will add 250,000 barrels of oil daily.
- Total production to reach nearly 1.3 million barrels per day.
Guyana is on the cusp of significantly increasing its oil output with the upcoming startup of its fifth Floating Production Storage and Offloading vessel (FPSO), the Errea Wittu. This vessel is scheduled to begin oil production at the Uaru development in the coming week.
The Uaru project, which will develop resources from the Uaru, Mako, and Snoek fields, is expected to contribute approximately 250,000 barrels per day once fully operational. This addition will elevate Guyana's total daily production to nearly 1.3 million barrels per day from its current output of around 900,000 bpd.
The Errea Wittu FPSO, the largest in Guyana's fleet, was constructed by MODEC. Beyond its oil production capacity, it is equipped for gas treatment, water injection, and produced water handling. The vessel's name, derived from the Indigenous Warrau language meaning "Abundance," reflects the promise of growth.
ExxonMobil Guyana Limited operates the Stabroek Block with a 45% interest, alongside partners Chevron (30%) and CNOOC Petroleum Guyana Limited (25%). To date, 47 discoveries have been made in the block, with regulatory approval granted for eight projects. Future developments include Whiptail (sanctioned April 2024), Hammerhead (approved September 2025), and Longtail (approved November 2026).
