XOM Boosts Oil Production in Guyana, Greenlights Hammerhead Project
Key Takeaways ExxonMobil reached FID on Hammerhead, its seventh offshore project in Guyana's Stabroek Block.The $6.8B development includes 18 wells and an FPSO with 150,000 barrels per day capacity.XOM targets 1.7M boe/d from Guyana by decade's end, with current output near 650,000 boe/d.ExxonMobil Corporation (XOM) , a U.S.-based energy major, has taken the final investment decision for the Hammerhead project, its seventh offshore development in the Stabroek Block. The Stabroek Block, offshore Guyana, is o ...