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The Snoek and Mako fields will be connected to the Uaru FPSO via tie-backs (Image: Hess)
The review will cover EEPGL’s plans for extract- of the FDP and an environmental and social
ing 1.319bn barrels of oil equivalent (boe) in impact assessment (ESIA) and will be responsi-
what will be Guyana’s largest offshore oil project ble for management, monitoring and reporting
to date. of the project.
The ExxonMobil subsidiary will tap into the Guyana’s Natural Resources Ministry has
Uaru, Mako and Snoek oilfields in the eastern confirmed that funding for the FDP review will
portion of the Stabroek block, eventually pro- come from a $20mn World Bank loan for the
ducing 275,000 barrels per day (bpd) from a sin- Guyana Petroleum Resources Governance and
gle floating production, storage and off-loading Management Project (GPRGMP), along with
(FPSO) vessel. This will make Uaru one of the GYD88mn ($421,260) that the government set
highest-yield projects ever handled by a single aside in the national budget earlier in the year to
FPSO unit. support the FDP.
The consulting company chosen to execute Uaru will be the fifth development project at
the project will be tasked with advising staff the Stabroek block, and it is due to achieve first
members of the Natural Resources Ministry, as oil in 2026.
well as other professionals involved in the Guy- EEPGL and its partners, affiliates of
ana Geology and Mines Commission (GGMC), US-based Hess and China National Offshore Oil
thereby enhancing these staff members’ abilities Corp. (CNOOC), have already launched pro-
to authorise, supervise, review and report on the duction at the first two projects, Liza-1 and Liza-
implementation of FDPs. Additionally, the con- 2, and will bring the third and fourth, Payara and
sultant will have to make a detailed assessment Yellowtail, on stream in 2023 and 2025. ™

SURINAME
Staatsolie confirms plan to launch

deepwater licensing round in Q4-2022

STAATSOLIE, the national oil company (NOC) Guyana Basins Summit (GBS) 2022. At the con-
of Suriname, has confirmed that it still intends to ference, they reported that Staatsolie would be
launch a licensing round for deepwater acreage kicking off the licensing round in the fourth
before the end of this year. quarter of 2022.
Representatives of the company made The company representatives did not say
statements to this effect earlier this week at the exactly when the bidding process would begin.

Week 40 05•October•2022 www. NEWSBASE .com P7