Guyana’s Uaru Gold crude to debut as fourth medium-sweet grade
Guyana’s Uaru Gold crude, expected to hit the market in December, will be another medium-sweet grade with a quality most similar to that of Guyana’s flagship Liza crude. Uaru Gold will have an API of 31.5 and a sulfur content of 0.54%, according to a preliminary assay seen by Platts, part of S&P Global Energy, ...
Guyana's Uaru Gold crude is set to debut in December, becoming the fourth medium-sweet grade crude from the Stabroek Block. According to a preliminary assay, Uaru Gold will have an API of 31.5 and a sulfur content of 0.54%. ExxonMobil, the leading company in the consortium developing the Stabroek Block, did not respond to inquiries about the assay.
The consortium, including ExxonMobil, Chevron, and CNOOC, jointly operates the Stabroek Block, which also produces Liza, Unity Gold, Payara Gold, and Golden Arrowhead crudes. Liza crude has an API of 32 and a sulfur content of 0.58%, Unity Gold's API is 34 and sulfur content is 0.41%, Payara Gold's API is 29 and sulfur content is 0.60%, and Golden Arrowhead's API is 36.5 and sulfur content is 0.25%.
Uaru Gold will be produced from the Errea Wittu, Guyana's fifth FPSO, which will increase the country's crude output to over 1 million barrels per day for the first time. The Stabroek Block currently generates more than 850,000 barrels per day from four developments: Liza Phase One, Liza Phase Two, Payara, and Yellowtail. By 2030, ExxonMobil Guyana anticipates achieving an oil equivalent production capacity of 1.7 million barrels per day from eight developments.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
