Field development plan for Exxon’s sixth project submitted to Gov’t

A field development plan (FDP) for ExxonMobil’s sixth project in the Stabroek Block offshore Guyana was submitted to local authorities last week.

President of ExxonMobil Guyana, Alistair Routledge confirmed on Tuesday that the FDP was submitted on October 13, 2023.

“So that has commenced the process on all regulatory fronts,” Routledge told reporters during a press conference at the company’s Georgetown Headquarters.

He said too that the Environmental Impact Assessment (EIA) has already been submitted to the Environmental Protection Agency (EPA) and is awaiting approval.

“So that’s been an active process, but we’re very much into the formal stages of the regulatory process,” he said.

Production levels at Whiptail are expected to be 250,000 barrels of oil per day.

When it comes on stream by the end of 2027, there will be a total installed capacity to produce 1.2 million barrels of oil per day and the possibility of 10 Floating Production Storage and Offloading Vessels in the Stabroek Block

Whiptail is the last project to be conducted by Exxon in the prolific Stabroek Block. Discovery at Whiptail was announced in 2021.

The Stabroek Block is 6.6 million acres (26,800 square kilometers).

The Whiptail project will see Exxon and its co-venturers, Hess and CNOCC, spending roughly US$13 billion to bring the project to life.