Guyana expects development plan for Exxon’s sixth project this month

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OilNOW
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The Guyana government expects ExxonMobil Guyana to submit its field development plan (FDP) for the Whiptail project before the end of October.

“[ExxonMobil Guyana Limited] EMGL has indicated their intention to submit their production license application and FDP by the end of October. So, it will be end of October,” Guyana’s Vice President, Dr. Bharrat Jagdeo, said, reading from a report submitted to him by the Ministry of Natural Resources. 

Production levels at Whiptail are expected to be 250,000 barrels of oil per day (bpd) using a floating production, storage and offloading vessel expected to be delivered by SBM Offshore. First oil is expected in late 2027 or 2028.

Whiptail is the last project on Exxon’s list of six to come online by 2027 in the Stabroek Block. While the goal for this milestone was 1.2 million bpd, Whiptail will take production capacity to more than 1.3 million bpd.

ExxonMobil is also undertaking an appraisal program at the Fangtooth area, which is likely to form the basis of the seventh Stabroek block development. 

Read more here: 

A timeline of Exxon’s oil development projects in Guyana | OilNOW

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