Aker Solutions bags subsea works on the Uaru field in Guyana

GEORGETOWN, May 19, 2023 – Aker Solutions has signed a contract with ExxonMobil to build the subsea umbilical system for the Uaru field development project in Guyana, the Norwegian engineering entity announced on Friday.

Works include delivery of three dynamic and seven static umbilicals totalling a length of 52 kilometres.

Engineering and manufacturing will take place in Aker Solutions’ facility in Mobile, Alabama.

Delivery is expected in Q1 2026.

Cost of the contract is defined as sizeable by Aker Solutions, meaning it is between USD 46 million and USD 138 million.

“We are excited by the award of the Uaru umbilical system, and to continue our relationship with ExxonMobil in Guyana, following the previous awards of the Payara and Yellowtail umbilical,” said Maria Peralta, executive vice president and head of Aker Solutions’ subsea business.

Exxonmobil finalised the FID on the Uaru project in April 2023.

ExxonMobil operates the Stabroek block with a 45% stake, while partners Hess Corporation holds a 30% stake and China National Offshore Oil Corporation holds the remaining 25% stake.

Two producing FLNG vessels are currently stationed at the concession, the Liza Destiny and the Liza Unity.

Net production from the two assets was 112,000 bopd in Q3 2023.

Two additional FLNGs are to be begin production at the Payara and Yellowtail fields on the block, the Prosperity and One Guyana respectively.

The Prosperity FLNG has a planned capacity of 220,000 bopd. The asset arrived on the Stabroek in April 2023.

The One Guyana FLNG will have a production capacity of 250,000 bopd, with first production anticipated in 2025.

ExxonMobil aims to have six producing FPSOs in Guyana by the end of 2027, which will bring Guyana’s oil and gas production to more than 1.2 million bopd.

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