ExxonMobil (XOM) Liza Unity FPSO Hits Record Output in Guyana

Core Insights - Exxon Mobil Corporation (XOM) and its consortium have achieved peak production of 252,000 barrels per day from the Liza Unity Floating Production Storage and Offloading (FPSO) vessel offshore Guyana, indicating significant advancements in the region's oil production capabilities [1] - The consortium plans to further enhance production with the upcoming One Guyana vessel and has set ambitious goals for future projects, including the sixth project, Whiptail, expected to commence output by the end of 2027 [3] Production Efficiency - The development of new wells in the deepwater Stabroek block is noted for its efficiency, with an average completion time of just 35 days, marking a record low for deepwater projects [2] - Guyana is on track to become the second-largest oil producer in Latin America, following Brazil, highlighting the rapid progress in its oil production sector [2] Future Projects - The consortium has engaged Mitsui Ocean Development & Engineering Co. (Modec) for the construction of the FPSO vessel for the Uaru project, while the Whiptail project is anticipated to contribute to a total output capacity of 1.3 million barrels per day [3] - ExxonMobil is set to explore two high-risk drilling opportunities, Redmouth and Trumpetfish, to test the potential of additional oil reserves [2]