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Exxon mobil authorized a $6.8 billion expansion offshore of sparsely populated guyana, it announced sept Here is an overview […] The project is its seventh in just a decade within the massive south american oil.

Exxon (XOM) Plans New Guyana Oil Project to Lift Output Into 2030s

Exxonmobil has made a final investment decision for the hammerhead development offshore guyana, after receiving the required regulatory approvals By kiana wilburg ceo, guyana energy conference & supply chain expo head of exxonmobil guyana limited (emgl), alistair routledge recently held a press conference in the country’s capital, where key updates were provided on several matters Hammerhead, the seventh project on the stabroek block, is anticipated to come online in 2029

The development will utilize an fpso with a capacity to produce approximately 150,000 barrels of oil per day.

Exxonmobil's hammerhead oil project offshore guyana includes 18 wells and a floating production storage and offloading vessel First oil from the hammerhead development is expected in 2029.