NiseriN/iStock via Getty Images
The Exxon Mobil-led (NYSE:XOM) consortium in Guyana is pumping 645K bbl/day in the country, up from ~400K bbl/day in late 2023, the company said Tuesday.
Exxon (XOM) said all three currently operational platforms are producing above their initially estimated capacities, with Liza Destiny, Liza Unity and Prosperity now pumping 160K bbl/day, 250K bbl/day and 230K bbl/day, respectively.
The consortium, which includes Hess (HES) and China’s Cnooc, has said its fourth, fifth and sixth oil projects – Yellowtail, Uaru and Whiptail – would have production capacity of ~250K bbl/day each, bringing Guyana’s total oil output past 1.2M bbl/day in 2027.
The consortium has said it could develop as many as 10 projects offshore Guyana and has proposed budgets of ~$40B for six projects so far, of which $29B has been spent, Exxon (XOM) said.