ExxonMobil Expands Guyana Oil Output, Eyes 2.3M BPD by 2030

Exxon Mobil Corporation (XOM) is reinforcing its dominance in the Guyana offshore oil sector, with an objective to reach 2.3 million barrels per day (bpd) of production by 2030. The U.S. energy major continues to ramp up its operations in the Stabroek Block, one of the world’s most prolific oil discoveries in recent years.ExxonMobil’s rapid production growth in Guyana is fueled by 40 reservoirs that have been identified across its offshore Stabroek Block. Current production has already reached a record 650, ...