(WO) – Reuters has reported that ExxonMobil is planning a potential 30-well drilling campaign for its seventh oil and gas project offshore Guyana, named Hammerhead.
Hammerhead aims to start production in 2029, boosting Guyana’s oil production capacity to over 1.4 MMbpd.
Exxon, along with partners Hess Corp and China’s CNOOC, expects Hammerhead to produce between 120,000 and 180,000 bpd, which is less than the 250,000 bpd from its largest vessels offshore Guyana.
The project will include a floating production unit, converted from a Very Large Crude Carrier (VLCC), capable of storing 1.4 to 2 MMboe. This unit will be located 15 km (9 miles) southwest of Exxon’s Liza Destiny vessel.
According to ExxonMobil’s website, Hammerhead was discovered in August 2018. Hammerhead is ExxonMobil’s ninth oil discovery in the prolific Stabroek Block offshore Guyana.
Lead image (Credit: Reuters)
This story was originally reported by Reuters.
