Stabroek Block daily output at 900,000 barrels – ExxonMobil
ExxonMobil Guyana Limited (EMGL) yesterday announced that its daily production in the Stabroek Block has reached 900,000 barrels of oil per day.
“ExxonMobil Guyana Limited and its Stabroek block co-venturers, Hess Guyana Exploration Limited, and CNOOC Petroleum Guyana Limited, today announced that they reached a new production milestone of 900,000 barrels of oil daily,” a statement from the company said.
“This achievement comes just months after the successful startup of Yellowtail, Guyana’s fourth offshore project, which has now achieved its initial annual average production capacity of 250,000 barrels of oil per day (bopd). This combined with excellent operating performance from Liza Phase 1, Liza Phase 2, and Payara assets, are contributing to achieving this significant milestone,” it added.
ExxonMobil Guyana President Alistair Routledge hailed the milestone as he said, “We continue to safely deliver industry-leading performance, providing the oil and gas the world still demands.”
“Guyana’s story is one of continuous achievements because of the close collaboration with the Government of Guyana, our co-venturers, suppliers, contractors, and employees. Together, we are building a world-class energy sector that is delivering significant value for the people of Guyana.”
The release said that the Stabroek co-venturers have committed more than US$60 billion to develop seven government-sanctioned projects on Guyana’s offshore Stabroek block including Uaru, Whiptail, and Hammerhead.
The Uaru and Whiptail projects, Guyana’s fifth and sixth projects, are each expected to produce approximately 250,000 bopd. The projects are expected to begin operations in 2026 and 2027, respectively.
Hammerhead, the seventh project, is expected to add approximately 150,000 bopd when production begins in 2029.
An eighth project, Longtail, is currently undergoing regulatory reviews. Once approved, ExxonMobil Guyana expects to have total production capacity of 1.7 million bopd from eight developments.
On August 8 of this year, production at the Yellowtail project began using the One Guyana FPSO [floating production storage and offloading unit].
The FPSO has annual average production of 250,000 bopd and a storage capacity of two million barrels. Oil produced from the FPSO is marketed as Golden Arrowhead crude.
By 2030, ExxonMobil Guyana expects to have total production capacity of 1.7 million oil equivalent barrels per day from eight developments, the release added.
“ExxonMobil Guyana’s deepwater developments are the most successful in the world. In five years, the company has started up four complex offshore mega-projects under budget and ahead of schedule – while simultaneously advancing plans for four additional projects by the end of the decade”, the release said.
On the FPSO, the government has said that the vessel built by SBM Offshore is designed with significant environmental safeguards.
“It is the first FPSO offshore Guyana to feature installed sparing on all gas processing compressors, and ensuring uninterrupted gas handling even during planned or unplanned maintenance events”, the government had said.
The Yellowtail Petroleum Production Licence, approved in 2022, has been the template for future licences, “embedding stronger environmental and safety requirements, improved decommissioning safeguards, and alignment with Guyana’s broader climate commitments,” it added.
ExxonMobil Guyana Limited operates the Stabroek block and holds a 45% interest, with Hess Guyana Exploration Ltd. holding 30%, and CNOOC Petroleum Guyana Limited holding 25%.
