–to significantly boost production offshore
GUYANA’S offshore oil production is set to cross the one-million-barrel-per-day mark following the arrival of Errea Wittu, the country’s fifth and largest Floating Production, Storage and Offloading (FPSO) vessel.
The Government of Guyana, through the Ministry of Natural Resources, and operator ExxonMobil Guyana, in separate statements on Friday, both welcomed the vessel’s arrival, calling it a major milestone for the country’s fast-growing oil and gas sector.
Built by MODEC for the Uaru development in the Stabroek Block, the Errea Wittu is expected to begin production in the fourth quarter of 2026. The US$12.7 billion project targets more than 800 million barrels of recoverable oil.
Minister of Natural Resources Vickram Bharrat said the vessel’s arrival represents an important chapter in Guyana’s oil-and-gas development story.
“With first oil expected in the fourth quarter of 2026, production is poised to cross the one-million-barrel-per-day mark. This is a major development for our country, and one that brings with it greater responsibility to ensure Guyanese continue to benefit from the sector,” he said.
The minister added that as production increases, the government remains committed to transparency in managing the country’s petroleum revenues and to ensuring Guyanese share in the opportunities created by the industry.
“The government will continue to disclose petroleum revenue receipts through the National Assembly, ensuring the people of Guyana are kept informed about the revenues earned from their resources,” he said, adding: “We will also continue to push for greater local content opportunities so that more Guyanese workers and businesses can participate in and benefit from the growth of this industry.”
In its own statement, ExxonMobil said the vessel’s name, Errea Wittu, means “Abundance” in the Warrau language, a choice the company said honours Guyana’s Indigenous heritage, and reflects the opportunity and growth the project represents.
The company said it was proud of the role Guyanese companies and professionals have played in reaching the milestone, and that its teams are now focused on preparing the vessel for start-up.
The Stabroek Block currently produces approximately 900,000 barrels of oil per day. It is operated by ExxonMobil Guyana Limited, which holds a 45 per cent interest, alongside Chevron, with a 30 per cent stake, and CNOOC Petroleum Guyana Limited, with 25 per cent.
