ExxonMobil (XOM) Reveals Hammerhead Project Development Plan

Exxon Mobil Corporation (XOM) has proposed a development plan to the government of Guyana for its seventh oil project in the country. The discovery named Hammerhead is part of the prolific Starbroek Block offshore Guyana. The development of the Hammerhead discovery involves drilling up to 30 wells, per ExxonMobil’s development plan.The Hammerhead project is estimated to come online by 2029, pending government approval. The oil and gas giant expects daily production from the Hammerhead field to lie in the ra ...