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Exxonmobil guyana expands capacity with seventh offshore development hammerhead project receives government approvals Exxonmobil guyana and its contractors have spent over gy$600 billion with guyanese businesses since operations began in 2015 Production expected to begin in 2029

Seventh stabroek block development will have the capacity to produce approximately 150,000 barrels of oil per day (bopd), bringing total installed capacity on the block to 1.5 million bopd. Exxon mobil said on monday it greenlit funding its seventh development project in guyana called hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million. Exxon mobil authorized a $6.8 billion expansion offshore of sparsely populated guyana, it announced sept

The project is its seventh in just a decade within the massive south american oil.

Exxonmobil announced the achievement of a final investment decision to proceed with the hammerhead project at its prolific stabroek development offshore guyana. Hammerhead, the seventh project on the stabroek block, is anticipated to come online in 2029

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