ExxonMobil plans to significantly increase Guyana's oil production capacity with its seventh offshore project, targeting a start date in 2029.
ExxonMobil continues to bet big on Guyana , planning a new project set for start-up in 2029 and expected to boost Guyana ’s oil production capacity to over 1.4 million barrels per day bpd. The development plan for the Hammerhead project entails the drilling of up to 30 wells in the Hammerhead discovery from 2018 in the Stabroek Block , according to Exxon’s plan which the Guyana government made public on Monday. Exxon is the operator of the Stabroek Block offshore Guyana , from which the U.S.
According to current plans, oil production at Hammerhead is expected to begin in 2029 via another Floating Production Storage and Offloading FPSO vessel, at a rate of between 120,000 bpd and 180,000 bpd. Exxon and its Stabroek partners, U.S. Hess Corporation and CNOOC of China, currently produce all the oil in the South American country, which became the newest oil-exporting nation at the end of 2019.
Guyana Oil Production Offshore Drilling Stabroek Block Hammerhead Project FPSO Environmental Impact Assessment Hess Corporation CNOOC
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