Exxon said it plans to lift oil production to 1.7 million bpd by 2030 The operator will move forward with a $6.8 billion field development scheme that will utilize a floating production, storage, and offloading (fpso) vessel capable of producing 150,000 bopd. The hammerhead project is located in the stabroek block, a massive offshore acreage in guyana that exxon operates in partnership with hess (recently acquired by chevron) and cnooc.
ExxonMobil Guyana newsroom
Exxonmobil has made a final investment decision for the hammerhead development offshore guyana, after receiving the required regulatory approvals
Hammerhead, the seventh project on the stabroek block, is anticipated to come online in 2029
The development will utilize an fpso with a capacity to. Exxonmobil's hammerhead oil project offshore guyana includes 18 wells and a floating production storage and offloading vessel First oil from the hammerhead development is expected in 2029. Supermajor exxonmobil has reached a final investment decision (fid) on the hammerhead development located in the prolific stabroek block offshore guyana
