{"id":300250,"date":"2025-09-23T10:58:17","date_gmt":"2025-09-23T14:58:17","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/exxonmobil-guyana-expands-capacity-with-hammerhead-development\/"},"modified":"2025-09-23T10:59:30","modified_gmt":"2025-09-23T14:59:30","slug":"exxonmobil-guyana-expands-capacity-with-hammerhead-development","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/exxonmobil-guyana-expands-capacity-with-hammerhead-development\/","title":{"rendered":"ExxonMobil Guyana expands capacity with Hammerhead development"},"content":{"rendered":"\n

ExxonMobil has announced the final investment decision for the Hammerhead development<\/strong>, its seventh deepwater project in the Stabroek block<\/strong>, after receiving the necessary regulatory approvals. This adjustment provides for Hammerhead to come onstream in 2029, consolidating the company’s energy expansion in Guyana. <\/p>\n\n

Hammerhead development progress<\/h2>\n\n

The project was valued at $6.8 billion, and will utilize a floating production<\/strong>, storage and offloading<\/strong>(FPSO<\/em>) vessel<\/strong> with the capacity to produce approximately 150,000 barrels of oil per day. Hammerhead will include 18 production and injection wells, and adds to a development portfolio that has committed more than $60 billion in approved investments. <\/p>\n\n

\n

We continue to set the standard in Guyana, driving an impressive seventh project just 10 years after the first discovery.<\/p>\n\n\n\n

In partnership with the people and government of Guyana, we have helped build a thriving new oil and gas industry in the country that generates jobs, supplier opportunities, profits and complementary investments.<\/p>\nDan Ammann, president of ExxonMobil Upstream Company.<\/cite><\/blockquote>\n\n

Since the start of production on the Stabroek block <\/em>in 2019, more than $7.8 billion has been paid into the Guyana Natural Resources Fund.<\/a><\/strong> Currently, some 6,200 Guyanese are employed in the block’s operations, representing approximately 70% of the workforce. ExxonMobil Guyana and its contractors have invested more than $2.9 billion with local suppliers since 2015. <\/p>\n\n

Current production in the Stabroek block reaches 650,000 barrels per day. With the recent start-up of the fourth FPSO, ONE GUYANA<\/strong>, the company expects to exceed 900,000 barrels per day by the end of the year. Construction of the fifth and sixth projects, Uaru and Whiptail, is underway, with planned start-up dates of 2026 and 2027, respectively. <\/p>\n\n

ExxonMobil Guyana Limited<\/strong>, a subsidiary of ExxonMobil<\/em>, operates the Stabroek block with a 45% interest. And on the part of its partners, Hess Guyana Exploration<\/strong> and CNOOC Petroleum Guyana Limited<\/strong> hold 30 % and 25 % stakes, respectively, consolidating a strategic alliance for the region’s energy development. <\/p>\n\n

Source: ExxonMobil<\/a><\/strong><\/p>\n\n

Photo: Shutterstock<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

This new adjustment would allow the company to reach over 900,000 barrels per day by the end of the year. <\/p>\n","protected":false},"author":8404,"featured_media":300210,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-300250","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/300250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8404"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=300250"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/300250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/300210"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=300250"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=300250"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=300250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}