Guyana Minister of Natural Resources, Vickram Bharrat, said Tuesday that GY$100.7 million (approximately US$483,000) has been budgeted to review the Whiptail field development plan (FDP).
The government, he said, has received indication that the plan will be submitted in 2023.
The Environmental Protection Agency (EPA) has already received an application for environmental authorisation for this project and has requested that an environmental impact assessment (EIA) be done.
Whiptail will be the sixth development project being targeted by ExxonMobil for the Stabroek Block. The major seeks to target 40-65 development wells across the Whiptail, Pinktail and Tilapia fields. Production levels are expected to be within the range of 220,000 and 275,000 barrels of oil per day (bpd).
First oil is expected between the fourth quarter of 2027 and the second quarter of 2028, for at least 20 years, pending regulatory approvals.
Whiptail is the last project on Exxon’s publicly stated goal of six projects online by 2027 in the Stabroek Block. Whiptail will take production to over 1.3 million bpd. There is also scope for increased production in the Stabroek Block as Exxon explores optimisation for its Guyana developments.