je.st

Home › guyana

Tag: guyana

Exxon Mobil, Hess Sanction $9 Billion Payara Project Offshore Guyana

SBM Offshore lands contract for FPSO, while TechnipFMC secures work for the subsea system for the development.

Exxon, along with consortium partners Hess Corp. and Chinas CNOOC Ltd., expects to eventually produce 220,000 barrels per day of crude from Payara.

Government approval of the Payara project this month would keep it on track for producing oil in 2023, Hess said.

The latest oil discovery was made by the Redtail-1 well in the southeast part of the Stabroek Block.

Exxon had previously stated it planned to make a final investment decision on the Payara project around September.

Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] next »