ExxonMobil plans to drill up to 30 wells for the Hammerhead oil project in Guyana, pending government approval, with expected production in 2029.

ExxonMobil plans to drill up to 30 wells for its seventh oil project in Guyana, called Hammerhead. The project, pending government approval, is expected to commence production in 2029, potentially boosting Guyana's oil output to over 1.4 million barrels per day. The floating production unit, a converted VLCC, will be located 15 km southwest of Liza Destiny, Exxon's first platform in Guyana.

July 16, 2024
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