Exxon said it plans to make a final investment decision on Longtail next year and for the project to go online by 2029. (Source: Shutterstock)
Exxon Mobil plans to increase natural gas production in Guyana and is considering options to export it to global markets, a company executive said at the Guyana Energy Conference in Georgetown, Bloomberg News reported Feb. 19.
Exxon began producing oil offshore Guyana in 2019. It has started up three offshore projects and has five more in the works. Production capacity in Guyana is expected to surpass 1.7 MMbbl/d, with gross production growing to 1.3 MMbbl/d by 2030.
Alistair Routledge, the Guyana country manager, presented a concept that would send gas from Exxon’s Longtail development to the shore for use in producing fertilizer and alumina as well as for powering data centers.
Exxon said it plans to make a final investment decision on Longtail next year and for the project to go online by 2029. Gas production from the project could reach 1.2 Bcf/d.
Recommended Reading
Williams Cos. Targets Lewis Shale After $307MM Green River JV Buyout
2025-04-14 - Williams Cos., known as a midstream company, is landing laterals in the oily Lewis Shale after completing a $307 million buyout from a joint venture partner in Wyoming’s Wamsutter Field last year.
Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
2025-04-23 - Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
BP’s Eagle Ford Refracs Delivering EUR Uplift, ‘Triple-Digit’ Returns
2025-02-14 - BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.
Exxon Sits on Undeveloped Haynesville Assets as Peers Jockey for Inventory
2025-04-09 - Exxon Mobil still quietly holds hundreds of locations in the Haynesville Shale, where buyer interest is strong and inventory is scarce.
SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results
2025-02-20 - Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.