Oil & Gas Exploration
Exxon progresses with 6th oil project in Guyana
An Exxon Mobilled oil consortium on Friday gave the financial green light to its 6th oil advancement job in the Stabroek Block in overseas Guyana after getting the required federal government and regulatory approvals. Production at the $12.7 billion Whiptail job in the 6.6-million-acre Stabroek block, owned and run by a. consortium including Exxon, Hess Corp and China's CNOOC. Ltd, is anticipated to start in 2027. The task will add capability of 250,000 barrels of oil per. day (bpd), bringing the total gross production capacity of the. block to about 1.3 million bpd by end of 2027. Shares of Exxon...