- Uaru development on Stabroek Block receives government approval with production targeted to begin in 2026
- Fifth development will have a production capacity of approximately 250,000 gross barrels of oil per day
- Third development on Stabroek Block, Payara, is targeted for startup early fourth quarter
“We are excited to sanction Uaru, our fifth oil development on the Stabroek Block,” CEO
The Liza Phase 1 and Liza Phase 2 developments produced an average of 375,000 gross barrels of oil per day in the first quarter. The third sanctioned development on the Stabroek Block, Payara, is targeted for startup early in the fourth quarter, with a gross production capacity of approximately 220,000 barrels of oil per day. The fourth sanctioned development, Yellowtail, is expected to come online in 2025 with a gross production capacity of approximately 250,000 barrels of oil per day. A sixth development, Whiptail, is expected to be submitted for government and regulatory approval later this year.
In total, six FPSOs with a gross production capacity of more than 1.2 million barrels of oil per day are expected to be online on the Stabroek Block by the end of 2027, with the potential for up to 10 FPSOs to develop the estimated gross discovered recoverable resources of more than 11 billion barrels of oil equivalent.
The Stabroek Block is 6.6 million acres. ExxonMobil affiliate
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We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from
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