ExxonMobil is the largest shareholder and operator in the Stabroek consortium
ExxonMobil maintains breakneck Stabroek pace
The major will proceed with Yellowtail, its largest Guyanese project to date
ExxonMobil has taken FID on the Yellowtail development offshore Guyana, following government and regulatory approvals. The major expects Yellowtail, its fourth development in the prolific Stabroek block, to produce around 250,000bl/d starting in 2025. Yellowtail has an estimated recoverable resource of 900mn bl. The $10bn project will use a floating production, storage and offloading (FPSO) unit and comprise up to 26 production and 25 injection wells. The FID announcement “underlines Stabroek’s importance to ExxonMobil and its partners”, says Andre Fagundes, vice-president at consultancy Welligence Energy Analytics. “This will be a huge development, the largest in the Americas,” he continues
Also in this section
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
