ExxonMobil to invest $12.5bn in Longtail development offshore Guyana

ExxonMobil, through its subsidiary ExxonMobil Guyana, has reached a final investment decision (FID) to move forward with the development of the Longtail field, located offshore Guyana.

The company plans to invest $12.5bn in the eighth project in the Stabroek block, with production targeted to commence in 2030.

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Situated in the south-eastern area of the Stabroek block, the Longtail development aims to extract non-associated gas and condensate-rich resources.

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