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Exxon accelerates oil, gas projects in Guyana amid high prices

XOM
Energy Markets & PricesCommodities & Raw MaterialsCompany FundamentalsCorporate Guidance & OutlookEmerging MarketsTransportation & Logistics

A new floating production facility for an Exxon Mobil-led consortium in Guyana is almost complete and is expected to soon depart Singapore, accelerating project start-up in one of Exxon’s key plays. The update supports near-term production ramp prospects amid rising crude prices and could modestly boost Exxon and regional oil-sector activity.

Analysis

A new floating production facility for an Exxon Mobil-led consortium in Guyana is almost complete and is expected to soon depart Singapore, accelerating project start-up in one of Exxon’s key plays. The update supports near-term production ramp prospects amid rising crude prices and could modestly boost Exxon and regional oil-sector activity.

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