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Production expected to begin in 2029 Seventh stabroek block development will have the capacity to produce approximately 150,000 barrels of oil per day (bopd), bringing total installed capacity on the block to 1.5 million bopd. Exxonmobil has awarded major contracts to modec, saipem and technipfmc to develop its hammerhead oil project in guyana’s stabroek block, following its final investment decision to proceed with the us$6.8 billion project earlier this month. Exxonmobil is framing guyana’s oil success as a benchmark for speed and scale, with dan ammann, president of its upstream company, praising the country’s advancement of its seventh offshore project just ten years after the first discovery.
Exxonmobil recently approved a final investment decision for the us$6.8 billion hammerhead development, its seventh offshore oil project in guyana’s stabroek block, targeting first production in. Exxonmobil has made a final investment decision for the hammerhead development offshore guyana, after receiving the required regulatory approvals Hammerhead, the seventh project on the stabroek block, is anticipated to come online in 2029. Exxonmobil has taken fid for the hammerhead project, the seventh development on guyana's stabroek block, following regulatory clearances.
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