ExxonMobil, Hess take FID on $12.7bn Uaru oil project offshore Guyana

“The world will need these vital oil resources to meet future energy demand and help ensure an affordable, just and secure energy transition.”

The Uaru field development project, which is expected to see production startup in 2026, includes up to 10 drill centers and 44 production and injection wells with an aim to exploit an estimated resource of over 800 million barrels of oil.