ExxonMobil reaches FID on eighth project offshore Guyana

U.S.-headquartered oil & gas company ExxonMobil has made the final investment decision (FID) for its Longtail development offshore Guyana after having secured required government and regulatory approvals, with project start-up expected in 2030.

Longtail, the eighth development located in the southeastern portion of the Stabroek block, is expected to include approximately 45 subsea production and injection wells.

Subject to future investment decisions, market demand and the development of necessary infrastructure, gas from the project could be transported to shore by pipeline. The project will utilize a floating production storage and offloading (FPSO) vessel designed to process 1.2 billion standard cubic feet per day of gas and produce up to 250,000 barrels of condensate per day (bpd).

ExxonMobil Guyana Limited is the operator with a 45% interest in the Stabroek block, while Hess Guyana Exploration Ltd. holds a 30% interest, and CNOOC Petroleum Guyana Limited a 25% interest.

This story was originally published by Offshore Energy. Read the full story at Offshore Energy →