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ExxonMobil: sixth offshore project launched in Guyana

( - ExxonMobil announced on Friday that it had made the final investment decision for the development of Whiptail, its sixth offshore project in Guyana.

The American oil group plans to invest $12.7 billion in the construction of ten drilling sites, accompanied by 48 production and injection wells.

Following commissioning, expected during 2027, the field should produce around 250,000 barrels per day, bringing Exxon's total capacity in Guyana to some 1.3 million barrels per day.

With a 45% interest, ExxonMobil is the main operator of the Stabroek block, which hosts this sixth project, followed by its compatriot Hess (30%), recently acquired by Chevron, and China's CNOOC (25%).

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