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Exxonmobil announced the achievement of a final investment decision to proceed with the hammerhead project at its prolific stabroek development offshore guyana.

Exxon said it plans to lift oil production to 1.7 million bpd by 2030 The hammerhead project is located in the stabroek block, a massive offshore acreage in guyana that exxon operates in partnership with hess (recently acquired by chevron) and cnooc. Exxonmobil has made a final investment decision for the hammerhead development offshore guyana, after receiving the required regulatory approvals Hammerhead, the seventh project on the stabroek block, is anticipated to come online in 2029

The development will utilize an fpso with a capacity to. Exxonmobil's hammerhead oil project offshore guyana includes 18 wells and a floating production storage and offloading vessel First oil from the hammerhead development is expected in 2029. Supermajor exxonmobil has reached a final investment decision (fid) on the hammerhead development located in the prolific stabroek block offshore guyana

The operator will move forward with a $6.8 billion field development scheme that will utilize a floating production, storage, and offloading (fpso) vessel capable of producing 150,000 bopd.

Exxonmobil guyana's new headquarters will be capable of housing over 500 persons and will include an offshore command center

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