A post by @FirstSquawk on X.
EXXONMOBIL SAYS THE LONGTAIL FPSO WILL PROCESS 1.2 BLN SCF/DAY OF GAS AND PRODUCE UP TO 250,000 BPD OF CONDENSATE, AS THE EIGHTH STABROEK BLOCK DEVELOPMENT, EXPECTED ONLINE IN 2030, WITH WHIPTAIL ANTICIPATED TO BEGIN PRODUCTION IN 2027 AND…
@FirstSquawk on X
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ExxonMobil said the Longtail FPSO, the eighth development in Guyana's Stabroek Block, will process 1.2 billion cubic feet per day of gas and produce up to 250,000 barrels per day of condensate, with first production expected in 2030. The company also said the Whiptail project is anticipated to come online in 2027 and Hammerhead in 2029. The disclosure underscores the rapid buildout of Stabroek, where ExxonMobil is sequencing multiple multi-billion-dollar offshore projects. Longtail's gas-heavy profile marks a shift toward non-associated gas and condensate development alongside the block's oil-focused phases. Investors will watch for final investment decisions, cost estimates and any update to Stabroek's overall production capacity guidance.
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Named in this story
ExxonMobil (XOM), Stabroek Block, Longtail FPSO, Hammerhead, Whiptail
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