Latest update August 1st, 2026 12:35 AM
Aug 01, 2026 News
(Kaieteur News) – ExxonMobil Corporation in its second quarter earnings presentation on Friday revealed that the fifth Floating Production Storage and Offloading vessel (FPSO), Errea Wittu which means “abundance” has set sail to Guyana.
The vessel will produce hydrocarbons at the Uaru project, the fifth offshore deep-water development in the Stabroek Block.
Uaru will add 250,000 barrels per day (bpd) to Guyana’s current production capacity of about 915,000 bpd.
This means the country’s daily oil production will increase to almost 1.2 million barrels before the end of 2026.
In its second quarter earnings presentation, Exxon informed shareholders, “Fifth Guyana FPSO set sail with production startup on plan for 4Q26, increasing capacity by 250 Kbd.”
The vessel was constructed by Japanese shipbuilder, MODEC. ExxonMobil received government approval for the US$12.7 billion project in April, 2023.
The Errea Wittu FPSO was designed to process approximately 250,000 barrels of oil per day (bpd), it also has the capacity for gas treatment (540 million cubic feet per day), water injection (350,000 barrels per day), and handling produced water (300,000 barrels per day). It will be deployed approximately 200 kilometers offshore Guyana, at a water depth of 1,690 meters and it will be able to store around two million barrels of crude oil.
Errea Wittu means ‘abundance’ in the Warrau language. Construction of the vessel officially commenced in November 2023, with the first steel cutting ceremony for the vessel’s topside modules in Singapore, followed by a similar milestone in China.
Currently, Guyana has four FPSOs producing oil in the Stabroek Block. The Liza Unity, Liza Destiny, Prosperity and One Guyana vessels produce a combined average of 915,000 bpd. To date Exxon has received regulatory approval from the Government of Guyana (GoG) for seven projects.
The sixth development, Whiptail was sanctioned in April 2024 while the seventh project, Hammerhead was approved in September 2025.
The US$12.7 billion Whiptail project is anticipated to add 250 kbd by the end of 2027. Additionally, Hammerhead, the company’s US$6.8B development is expected to come online by 2029, producing 150,000 bpd.
In the meantime, ExxonMobil has submitted plans to the GoG to develop two additional projects in Stabroek. In March this year, Exxon’s Country Manager, Alistair Routledge said the company was set to submit a Field Development Plan (FDP) for the eighth project, Longtail to the Ministry of Natural Resources.
Exxon is simultaneously building a ninth project which aims to develop the gas resources in the Haimara discovery. He explained, “For those of you who were at the energy conference back in February, we began to talk about what could potentially be project number nine which will be anchored on the Haimara discovery in the south east part of the Stabroek Block.”
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