Exxon to develop oil and fuel output in Guyana, seeks allow for Longtail undertaking

GEORGETOWN (Reuters) – A consortium led by Exxon Mobil is preparing for a really lively 12 months for exploration and manufacturing in Guyana amid upgrades that expanded the capability of a few of its floating services and the anticipated arrival of a fourth vessel, the pinnacle of the U.S. oil main in Guyana mentioned on Wednesday.

The group has requested environmental permits from Guyana’s authorities for its Longtail undertaking, the primary that can produce non-associated fuel, and to discover the Hamlet effectively within the southeast portion of its large Stabroek offshore block.

Longtail is predicted so as to add as much as 250,000 barrels per day (bpd) of crude output capability and 1 billion cubic toes per day of pure fuel manufacturing, mentioned Alistair Routledge, president of Exxon Guyana, in a press convention.

(Reporting by Kemol King, writing by Marianna Parraga; Modifying by Peter Henderson)