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Exxonmobil announced the achievement of a final investment decision to proceed with the hammerhead project at its prolific stabroek development offshore guyana. Seventh stabroek block development will have the capacity to produce approximately 150,000 barrels of oil per day (bopd), bringing total installed capacity on the block to 1.5 million bopd. Exxonmobil recently approved a final investment decision for the us$6.8 billion hammerhead development, its seventh offshore oil project in guyana’s stabroek block, targeting first production in.

Exxon mobil's ventures into deepwater territories in guyana are setting new standards in the oil industry Production expected to begin in 2029 With a total of 11 billion barrels discovered, this represents the most significant oil find in the last decade and a half

Currently, three floating production storage and offloading units (fpsos) are active, producing 650,000 barrels per day

The early launch of the yellowtail project. 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 Here is an overview […] Will guyana be indebted to exxon

No, but exxon and its partners will need to recover their investment in the project through a gas sales agreement Exxonmobil guyana expands capacity with seventh offshore development hammerhead project receives government approvals

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