{"id":33087,"date":"2026-11-12T19:08:16","date_gmt":"2026-11-12T23:08:16","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=33087"},"modified":"2026-11-12T19:08:16","modified_gmt":"2026-11-12T23:08:16","slug":"exxonmobil-approves-us12-5b-longtail-project-targets-2030-start-up","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/exxonmobil-approves-us12-5b-longtail-project-targets-2030-start-up\/","title":{"rendered":"ExxonMobil approves US$12.5B Longtail project, targets 2030 start-up"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p class=\"wp-block-paragraph\">ExxonMobil has announced a final investment decision for the US$12.5 billion Longtail development offshore Guyana, following government and regulatory approvals, marking another major milestone in the country\u2019s expanding oil and gas industry.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"660\" src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-1024x660.png\" alt=\"\" class=\"wp-image-33088\" srcset=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-1024x660.png 1024w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-300x193.png 300w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-768x495.png 768w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Longtail will become the eighth development in the Stabroek block, with production expected to begin in 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike earlier projects focused primarily on crude oil, Longtail will target gas and condensate resources, opening opportunities for future natural gas exports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project will feature a Floating Production, Storage and Offloading (FPSO) vessel capable of processing 1.2 billion standard cubic feet of gas daily and producing up to 250,000 barrels of condensate per day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Approximately 45 subsea production and injection wells are planned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ExxonMobil says the development could eventually support the transportation of natural gas to shore through a pipeline, subject to future investment decisions, market demand and infrastructure development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ExxonMobil Upstream Company President Dan Ammann said Longtail represents a significant step towards unlocking additional value from Guyana\u2019s energy resources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, the company says its four producing projects currently deliver approximately 900,000 barrels of oil daily, with output expected to surpass one million barrels per day following the start-up of Uaru.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Construction is also advancing on the Whiptail and Hammerhead projects, scheduled to begin production in 2027 and 2029, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ExxonMobil says approximately 6,000 Guyanese currently support Stabroek block operations, while spending with local suppliers has exceeded US$3.9 billion since 2015.<\/p>\n\n\n<figure class=\"wp-block-post-featured-image\"><img decoding=\"async\" width=\"1080\" height=\"696\" src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76.png 1080w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-300x193.png 300w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-1024x660.png 1024w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/11\/image-76-768x495.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>ExxonMobil has announced a final investment decision for the US$12.5 billion Longtail development offshore Guyana, following government and regulatory approvals, marking another major milestone in the country\u2019s expanding oil and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":33088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[350],"tags":[488,448,412,405,431],"class_list":["post-33087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-488","tag-ncn","tag-ncn-guyana","tag-ncn-news","tag-oil-and-gas"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33087","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=33087"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33087\/revisions"}],"predecessor-version":[{"id":33089,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33087\/revisions\/33089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/33088"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=33087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=33087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=33087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}