US supermajor ExxonMobil has officially relinquished 20% of the area of the prolific Stabroek block offshore Guyana.

As per the report, Exxon anticipates Hammerhead will produce 120,000-180,000 barrels of crude daily, less than the 250,000 barrels per day from its largest vessels in Guyana.

Exxon Mobil (NYSE:XOM) unveiled plans Tuesday for a potential 30-well drilling campaign at its seventh oil and gas project offshore Guyana in the Stabroek Block. The Hammerhead project, to include ...

ExxonMobil (XOM) is currently producing around 650,000 barrels per day of oil from Guyana, and the Hammerhead FPSO is expected to ramp up the production to 1.5 million barrels per day.

ExxonMobil expects eight FPSOs to be online by 2030, with production capacity reaching 1.7 million B/D. Hammerhead, the ninth discovery, will be the seventh FPSO development, followed by Longtail.

ExxonMobil picks Hammerhead as seventh Guyana development – Report. Goal is to install an FPSO with capacity to produce 180,000 bpd starting in 2029. ExxonMobil Guyana president Alistair Routledge.

Exxon Mobil Corporation XOM has proposed a development plan to the government of Guyana for its seventh oil project in the country. The discovery named Hammerhead is part of the prolific Starbroek ...

The Hammerhead discovery was announced in August 2018 and was ExxonMobil’s ninth oil discovery in the Stabroek Block. The company had said, “The Hammerhead – 1 well was drilled in a new ...

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 ...

Exxon Mobil and Hess Corp. said Thursday they've made their ninth oil discovery in the developing offshore fields of Guyana as Exxon continues to bank a chunk of its future in northeastern South ...

Zinger Key Points. Exxon Mobil plans to drill up to 30 wells for its Hammerhead project in Guyana, set to start production in 2029. Hammerhead will boost Guyana's oil capacity to over 1.4 million ...