Exxon’s 7th oil project in Guyana targets 30 wells, eyes 2029 start-up
Exxon’s 7th oil project in Guyana targets 30 wells, eyes 2029 start-up
Members of the public were given 28 days to ask whatever questions they needed answers to regarding the project and its environmental impact.
A perusal of the project summary reveals that the development will have between 14 and 30 production and water injection wells. Further, production is expected to begin in 2029. When it does, it is anticipated that between 120,000 to 180,000 barrels of oil per day will be added to Guyana’s production capacity, while a Floating Production Storage and Offloading (FPSO) vessel capable of storing between 1.4 to 2 million barrels of oil will be attached to the project.
Exxon is undertaking four production projects – Liza 1, Liza 2, and Payara (which are currently producing oil) and Yellowtail (where installation activities are ongoing) in the oil-rich Stabroek block.
It is estimated that when the Yellowtail development project comes on stream, production will climb to 810,000 barrels per day (bpd) by 2027. Additionally, Exxon has already received approvals for and is advancing preparatory works on its fifth and sixth projects, Uaru and Whiptail.
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Question to them: How will you prevent this oil from further facilitating global warming?
Ah, I know the answer to that one (with thanks to ChatGPT)...
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