ExxonMobil issues FID for Whiptail project

April 15, 2024
Will be the sixth project in the Stabroek block offshore Guyana.

Offshore staff

SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals.

Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

The $12.7-billion Whiptail project will include up to 10 drill centers with 48 production and injection wells. The FPSO vessel for the Whiptail project, to be named Jaguar, is under construction.

Recent contracts for the development of the Whiptail project have gone to SBM Offshore, which will construct and install the FPSO Jaguar; and Saipem, which recently received an EPCI contract for the field’s subsea production system

Three FPSOs – the Liza Destiny, Liza Unity and Prosperity – are currently operating offshore Guyana and are producing more than 600,000 barrels of oil per day. Construction is underway on FPSOs for the Yellowtail and Uaru projects, with Yellowtail anticipated to start production in 2025 and Uaru targeted in 2026.