– UK firm Bayphase reviewing Field Development Plan
Jaguar is 6th FPSO, earmarked for Whiptail project – Guyana Times
The People’s Progressive Party/Civic (PPP/C) Government has confirmed that the sixth Floating Production, Storage and Offloading (FPSO) vessel earmarked for the Whiptail project, will be dubbed the Jaguar FPSO.
“And that is expected to arrive in Guyana sometime next year. If possible, we can get a startup next year too. That would be in our favour. Hopefully by early 2025, we could get a startup of the Yellowtail One Guyana FPSO.”
ExxonMobil had approached the Environmental Protection Agency (EPA) for approval of Whiptail, its sixth project in the Stabroek Block, early this year. According to the Environmental Impact Assessment (EIA), the project will target between 33 and 72 wells. The documents further detailed that development drilling is expected to last from late 2024 or early 2025 through mid-2030, with the possibility of extending it as late as 2031.
According to the US oil company, the project will employ over 500 persons during drilling and installation. Additionally, between 100 and 180 persons will be employed during production. It was further explained that the Whiptail FPSO will be similar to the one for Yellowtail and will be designed to target 300,000 barrels per day.
The Stabroek Block is 6.6 million acres (26,800 square kilometres). Exxon, through its local subsidiary Esso Exploration and Production Guyana Limited (EEPGL), holds 45 per cent interest in the block. Hess Guyana Exploration Ltd had had 30 per cent interest, which it recently sold to Chevron. CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds the remaining 25 per cent interest.
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