Exxon Plans Seventh Oil Project Offshore Guyana

ExxonMobil continues to bet big on Guyana, planning a new project set for start-up in 2029 and expected to boost Guyana’s oil production capacity to over 1.4 million barrels per day (bpd).   The development plan for the Hammerhead project entails the drilling of up to 30 wells in the Hammerhead discovery from 2018 in the Stabroek Block, according to Exxon’s plan which the Guyana government made public on Monday.  Exxon is the operator of the Stabroek Block offshore Guyana, from which the U.S. supermajor and…