Exxon, Hess, and CNOOC Schedule Oil Output Boost in Guyana

Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana, Hess Corp.’s CEO has said, as quoted by Reuters. The floating production, storage, and offloading vessel should reach its destination in the first quarter of next year, John Hess said, speaking at the Wolfe Research oil and gas conference. The start of operation for the new FPSO is scheduled for later in the year. Exxon is currently producing a total of 665,000 barrels of crude daily in Guyana but over the longer…