Exxon Prepares A Sixth Offshore Oil Project In Guyana ...Middle East

Exxon, Hess, and CNOOC are preparing to launch a sixth offshore oil project in Guyana, with $12.93 billion earmarked for its development. This is according to a filing by the Guyanese government cited by Reuters, which also revealed the new project, dubbed Whiptail, will be operational in four years. Earlier this year, the Guyanese government also greenlit another multi-billion-dollar development proposed by Exxon and partners for the Stabroek block. The Uaru field has estimated reserves of over 800 million barrels of crude and would add 250,000…

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