On the heels of it receiving an environmental permit, ExxonMobil yesterday made a final investment decision for the Uaru development offshore Guyana. (See other story on page 3.)
A release from ExxonMobil said that the company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026.
“Our fifth, multi-billion-dollar investment in Guyana exemplifies ExxonMobil’s long-term commitment to the country’s sustained economic growth,” said Liam Mallon, president of the ExxonMobil Upstream Company.