14 Nov, 23

Production Begins At ExxonMobil’s Latest Guyana Project

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ExxonMobil began production today from its Payara project offshore Guyana, according to a company statement on its website. Payara is located in the coveted Stabroek Block and will increase Guyana’s crude oil production to 620,000 barrels of oil per day. Exxon’s third FPSO, Prosperity, has started up ahead of schedule and will add 220,000 bpd, Exxon said. The original deadline for the FPSO was the first half of next year as new wells came online. “Each new project supports economic development and access to resources that will…

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