ExxonMobil FIDs Longtail project offshore Guyana, eighth development

ExxonMobil has taken FID on the Longtail development offshore Guyana, its eighth project in the Stabroek block. This confirms continued investment in the prolific basin, adding to Guyana's rapidly expanding oil output. The decision signals sustained upstream capital commitment despite broader industry caution, reinforcing Guyana's emergence as a major non-OPEC supply source.

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