ExxonMobil is evaluating a ninth floating production, storage and offloading vessel for Guyana that could mirror the development concept being advanced for Longtail, Chairman and Chief Executive Officer Darren Woods said during the company’s second-quarter 2026 earnings call on July 31.
Woods said the company sees an opportunity to use what it is developing for Longtail and apply it to another project in the Stabroek Block offshore Guyana.
“One of the things that we now see an opportunity for is this ninth FPSO, and really take advantage of what we’ve done with Longtail to replicate that and get some significant capital advantages to apply,” Woods said. The ninth touted project centers on the Haimara discovery.
The disclosure points to a possible new phase of development in Guyana, where ExxonMobil said gross production reached about 900,000 barrels per day in the second quarter.
“We haven’t finalized that, obviously, but we’re progressing it, and it looks pretty attractive at this stage,” he said.
ExxonMobil’s Longtail project to create over 1,600 jobs | OilNOW
The remarks came as ExxonMobil outlined its wider Guyana plans on the earnings call. Woods said Longtail is already on the path toward a final investment decision. He also said the company continues to see room for further development in the block.
“The tape hasn’t run out on this play yet, and we’re going to continue to evaluate that and see what we can get from it,” Woods said.
ExxonMobil said Guyana remains one of its clearest examples of “advantage growth.” Woods said the offshore development has exceeded the company’s expectations through faster project delivery, lower costs, strong reliability and optimized production.
Senior Vice President and Chief Financial Officer Neil Chapman said the company’s performance in Guyana reinforces its reputation with governments seeking partners for large resource developments.
“You can rest assured the organization is very focused on maximizing the value of that acreage for the benefit, obviously, of ExxonMobil, but more importantly for Guyana, the government of Guyana, the people of Guyana,” he said.
The Longtail project is expected to target gas production at a rate of up to 1.2 billion cubic feet per day and condensate production of about 250,000 barrels per day. With government approval and a final investment decision expected later this year, ExxonMobil plans to start production at Longtail in 2030.
