Exxon Gears Up for Eighth Project, Seeks Year-End Govt. Approval

  • ExxonMobil Guyana Limited (EMGL) is expected to submit the Field Development Plan (FDP) for its eighth project in the Stabroek Block, the gas-rich longtail development in the coming weeks, with hopes of securing regulatory approval by the end of 2026. EMGL’s president, Alistair Routledge, made the disclosure at the Guyana Energy Conference and Supply Chain Expo 2026 at the Guyana Marriott Hotel in Georgetown.
  • Routledge said, “We’re due to submit a field development plan to the Ministry of Natural Resources in the coming weeks,” adding that the company is nearing completion of the environmental and socio-economic studies required for the Environmental Impact Assessment (EIA) and environmental permitting process, with the aspiration that by the end of this year, the longtail project should be sanctioned.
  • Exxon, operator of the Stabroek Block, is currently producing over 900,000 barrels of oil daily from four developments: Liza Phase One, Liza Phase Two, Payara and Yellowtail. While Uaru, Whiptail, and Hammerhead have received government approval, they are not yet producing. Unlike previous developments focused primarily on oil, Longtail will focus on gas production.
  • The project will initially operate as a gas cycling development with 1.2 billion cubic feet per day of gas compression capacity. This is equivalent to the total gas compression capacity of the first four projects, and in the early days, it will have a capacity of 250,000 barrels per day of condensate, which BlackRock Midstream describes as extremely light oil, and will be gas export-ready from day one.
  • Longtail will involve drilling approximately 24 – 60 production and injection wells, installation, commissioning, and operations of Subsea Umbilicals, Risers, and Flowlines (SURF), and a FPSO configured with gas injection rather than water injection, with subsea equipment installed at a depth of approximately 1,600 – 2,000 metres, located about 200 km from Georgetown in the southeastern portion of the Stabroek Block, with discussions ongoing regarding whether the gas will support offshore projects, the Wales Gas-to-Energy initiative, or the planned second GTE project in Berbice.

(Source: Kaieteur News)