A consortium led by Exxon Mobil is actively preparing for an active year of exploration and production in Guyana, including seeking a permit for the Longtail project. This move signifies the ongoing development of new oil and gas resources in the region.
The Longtail project is part of ExxonMobil's broader strategy to expand its oil and gas output from the Stabroek Block, a highly prolific offshore area. Securing the necessary permits is a critical step towards bringing future production online.
This initiative contributes to ExxonMobil's long-term growth trajectory in Guyana, complementing existing and planned floating production facilities. The company's continuous pursuit of new projects in this advantaged basin is key to its future earnings.
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