{"id":23876,"date":"2024-11-07T12:36:19","date_gmt":"2024-11-07T12:36:19","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=23876"},"modified":"2024-11-07T12:36:20","modified_gmt":"2024-11-07T12:36:20","slug":"yellowtail-oil-project-on-track-for-2025-launch","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/yellowtail-oil-project-on-track-for-2025-launch\/","title":{"rendered":"Yellowtail Oil Project on Track for 2025 Launch"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>October 14, 2024<\/em><\/p>\n\n\n\n<p>Guyana&#8217;s next major oil development, the Yellowtail project, is progressing as planned, with production set to begin in the second quarter of 2025. <\/p>\n\n\n\n<p>This $10 billion project will develop the Redtail and Tilapia reservoirs, marking Guyana&#8217;s fourth offshore oil venture.<\/p>\n\n\n\n<p>ExxonMobil Guyana President, Alistair Routledge, confirmed that the Floating Production Storage and Offloading (FPSO) unit, named &#8220;One Guyana,&#8221; is being finalized in Singapore. <\/p>\n\n\n\n<p>Routledge mentioned that all modules for the FPSO have been fabricated and integrated, with the completion expected by the end of the year. <\/p>\n\n\n\n<p>A naming ceremony is anticipated in January, with the FPSO set to sail to Guyana in the first quarter of 2025, arriving in the second quarter.<\/p>\n\n\n\n<p>The Yellowtail project is expected to begin with a production rate of 250,000 barrels of oil per day. <\/p>\n\n\n\n<p>Additionally, ExxonMobil is on track with its other offshore developments, including the Uaru and Whiptail projects, both scheduled for startup in 2027, with a combined investment of $12.7 billion for each project.<\/p>\n\n\n\n<p>With a total investment of $55 billion across six projects, including the operational Liza Phase 1 and 2 and Payara projects, ExxonMobil continues to solidify its presence in Guyana\u2019s growing oil sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 14, 2024 Guyana&#8217;s next major oil development, the Yellowtail project, is progressing as planned, with production set to begin in the second quarter of 2025. This $10 billion project&hellip;<\/p>\n","protected":false},"author":4,"featured_media":23849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,350],"tags":[],"class_list":["post-23876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=23876"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23876\/revisions"}],"predecessor-version":[{"id":23877,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23876\/revisions\/23877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/23849"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=23876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=23876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=23876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}