exxonmobile

The company approved the development of Longtail in the Stabroek block, with an FPSO to process gas and produce condensates starting in 2030.
ExxonMobil approved the Longtail project in Guyana after obtaining the necessary government and regulatory approvals. The company will invest $12.5 billion in this offshore development, the eighth in the Stabroek block, which is scheduled to come online in 2030.
With this decision, ExxonMobil is embarking on a new phase of development in the southeastern part of the block, where it will seek to tap into non-associated natural gas and condensate deposits. These resources will enable the company to diversify its production in Guyanese waters, which until now has been focused mainly on oil.