XLE & Oil

ExxonMobil Advances Next Phase of Guyana Development with Longtail

ExxonMobil newsroom/IR·Nov 12, 2026 · 3:30 PM CT
Read the original at ExxonMobil newsroom/IR
Readthrough summary

ExxonMobil said it has taken a final investment decision on the Longtail development offshore Guyana after government and regulatory approvals, targeting startup in 2030. The eighth Stabroek block project will focus on non-associated gas and condensate, using an FPSO designed to process 1.2 billion standard cubic feet of gas a day and produce up to 250,000 barrels of condensate a day, with about 45 subsea wells and a planned $12.5 billion investment. Upstream president Dan Ammann called it the next phase in developing Guyana's resources; gas could later move ashore by pipeline, subject to future decisions and infrastructure.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at ExxonMobil newsroom/IR.

Read the original at ExxonMobil newsroom/IR

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