Commodities
Exxon's Fifth FPSO Arrives in Guyana Waters
The fifth floating oil production facility for Exxon Mobil in Guyana has arrived in local waters. The Errea Wittu FPSO, built by MODEC in Singapore, will handle up to 250,000 barrels per day of output from the consortium's Uaru project.
The vessel departed in June and will provide operations and maintenance services for Exxon for 10 years. This new addition is part of the massive Stabroek offshore block, a significant development in Guyana's oil sector.