ExxonMobil Guyana Expands Capacity With Seventh Offshore Development

Core Insights - ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, marking a significant step in its expansion efforts in the region [1] - The Hammerhead project is the seventh development on the Stabroek block and is expected to commence production in 2029 [1] - The project will utilize a floating production storage and offloading (FPSO) vessel with a production capacity of approximately 150,000 barrels of oil per day [1] - The total investment for the Hammerhead project is estimated at US$6.8 billion, which will include 18 production wells [1]