ExxonMobil Targets February Launch for Trinidad Seismic Survey

Core Insights - Exxon Mobil Corporation (XOM) plans to initiate a seismic survey offshore Trinidad and Tobago as early as February 2026, following a contract secured on August 18, 2025, to explore the TTUD1 block covering over 2,700 square miles (7,000 square kilometers) with depths exceeding 6,500 feet (2,000 meters) [1][2][7] Group 1: Project Details - The seismic survey is a critical early stage in the exploration process, essential for identifying potential drilling locations for oil and gas discoveries [3] - The project timeline has been accelerated from the previously expected second quarter of 2026, indicating Exxon Mobil's commitment to fast-tracking the exploration efforts [3] - Trinidad and Tobago's Energy Minister has confirmed the government's intention to expedite the permitting and approval processes to support this accelerated schedule [3][7] Group 2: Industry Context - Other key players in the integrated oil and gas sector, such as BP, Chevron, and Eni, are also actively expanding their operations, with BP recently increasing its daily production by 15,000 barrels of oil equivalent [4] - Chevron aims to boost its production capacity from 2.6 million barrels of oil equivalent per day (MMBOED) in 2015 to 3.7 MMBOED by 2025, reflecting the industry's growth trajectory [5] - Eni expects its daily production to rise to between 1,710 and 1,720 barrels of oil equivalent by 2025, up from a previous forecast of 1,700 barrels [6]