Exxon Mobil announces final investment decision on $12.7B Whiptail project

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027. The $12.7B Whiptail project will include up to 10 drill centers with 48 production and injection wells. Production from the six Stabroek block developments will generate tens of billions of dollars of revenue and significant economic development for Guyana. Since first production in 2019, more than $4.2B has been paid into the Guyana Natural Resource Fund. There are currently 6,200 Guyanese working in support of Stabroek block operations-which is 70% of the workforce. The cumulative spend of ExxonMobil Guyana and its contractors with Guyanese suppliers since 2015 surpassed $1.5B at the end of 2023.