Exxon Mobil said Friday it made a final investment decision for the Whiptail development offshore Guyana after receiving the required government and regulatory approvals.
The Exxon-led consortium, which also includes Hess and CNOOC expects Whiptail – the sixth project on the offshore Stabroek block – will add 250,000 barrels of oil per day (bpd) of oil production capacity by the end of 2027, raising Guyana’s overall capacity to over 1.3M bpd.
The US$12.7B Whiptail project will include up to 10 drill centers with 48 production and injection wells, targeting a resource base estimated at more than 850M barrels of oil.
The floating production, storage and offloading vessel for Whiptail, to be named Jaguar, is under construction by SBM Offshore.
Three developments on the 6.6M-acre Stabroek Block – Liza Phase 1, Liza Phase 2 and Payara – currently produce more than 640,000 bpd of oil per day, while the fourth and fifth developments – Yellowtail and Uaru – are in progress with production startup planned for 2025 and 2026 respectively.
