ExxonMobil approves $12.5B offshore gas development

ExxonMobil approves $12.5B offshore gas development

ExxonMobil has approved a $12.5 billion final investment decision for the Longtail development offshore Guyana. The FPSO-led gas and condensate project will include about 45 subsea wells, process 1.2 billion scf/day of gas and produce up to 250,000 barrels per day of condensate, and is expected to come online in 2030 with partners Hess and CNOOC.

Guyana approves Longtail Field development with 1.2 billion cubic feet daily gas capacity

The Government of Guyana has officially approved the Longtail Field Development Plan (FDP) and issued the corresponding Petroleum Production Licence (PPL), marking the commencement of the country's eighth offshore petroleum development. As Guyana's first Non-Associated Gas (NAG) project, the approval represents a pivotal transition for the national energy sector, shifting focus toward the commercialization of natural gas resources within the Sta…

ExxonMobil takes FID on Longtail gas and condensate project offshore Guyana

ExxonMobil reached a final investment decision (FID) on Longtail, the eighth development in the southeastern part of the Stabroek block offshore Guyana. The project targets non-associated gas and condensate-rich reservoirs. Longtail will use an FPSO designed to process 1.2 bcf/d of gas and produce up to 250,000 barrels of condensate per day. About 45 subsea …

ExxonMobil Greenlights Eighth Stabroek Project

ExxonMobil announced a $12.5-billion final investment decision to proceed with Longtail - the first development that is primarily gas and condensate - in the Stabroek block offshore Guyana, after securing government approvals.

What's Going On With ExxonMobil Stock Friday?

advances a $12.5B Guyana project set for 2030. Explore XOM's latest Q3 earnings beat, analyst forecasts, and key SMA levels.

Govt. approves Exxon’s US$12.5 billion 8th oil project

…No ringfencing provisions …Nothing on Pres. Ali’s promised engagement with experts (Kaieteur News) – The Government of Guyana (GoG) through the Ministry of Natural Resources on Thursday announced the approval of an eighth oil project, Longtail, pegged at US$12.5 billion. Longtail will be Guyana’s first Non-Associated Gas (NAG) project to be operated by ExxonMobil Guyana Limited […]