ExxonMobil has reached final investment decision (FID) on its Whiptail project offshore Guyana, the sixth project on the Stabroek block. All required government and regulatory approvals have already been issued in order for the company to proceed.
Whiptail will required an estimated investment of nearly US$13bn, and the floating production, storage and offloading (FPSO) unit (named Jaguar) to be installed at the field is now under construction.
With up to ten drill centres with 48 production and injection wells, Whiptail is planned to increase the block's production capacity by approximately 250,000 barrels per day by the end of 2027.
ExxonMobil operates Stabroek with a 45% interest share. Hess (30%) and Chine National Offshore Oil Corporation (CNOOC, 25%) are partners.
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