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Exxon Mobil moves forward with sixth offshore project in Guyana
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Exxon Mobil moves forward with sixth offshore project in Guyana
Apr 12, 2024 4:45 AM

April 12 (Reuters) - Exxon Mobil ( XOM ) has made a

final investment decision for the Whiptail development offshore

Guyana after receiving the required government and regulatory

approvals, the company said on Friday.

Whiptail, the sixth project on the Stabroek block, is

expected to add about 250,000 barrels of daily capacity by the

end of 2027.

The $12.7 billion Whiptail project will include up to 10

drill centers with 48 production and injection wells.

The floating production platform is planned to start

operations in late 2027 and bring the Exxon-led consortium's oil

output in Guyana over 1.2 million barrels per day (bpd).

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