AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
ExxonMobil Commences Production at Yellowtail Project in Guyana, Boosts Total Oil Capacity to Over 900,000 Barrels Per Day.
ByAinvest
Friday, Aug 8, 2025 2:06 pm ET1min read
ExxonMobil has commenced production at the Yellowtail project in Guyana, boosting the country's total oil capacity to over 900,000 barrels per day. The project's FPSO vessel can store two million barrels and will market oil under the Golden Arrowhead crude brand. ExxonMobil plans to expand production to 1.7 million oil equivalent barrels per day by 2030 from eight developments.
ExxonMobil has begun production at the Yellowtail project in Guyana, significantly increasing the country's total oil capacity to over 900,000 barrels per day. The project's floating production, storage, and offloading (FPSO) vessel, ONE GUYANA, joins three other FPSOs in the Stabroek block, bringing total installed capacity to above 900,000 barrels of oil per day [1][2][3].The ONE GUYANA FPSO, the largest on the Stabroek block to date, has an initial annual average production of 250,000 barrels of oil per day (bopd) and a storage capacity of two million barrels. Oil produced from the FPSO will be marketed under the Golden Arrowhead crude brand [1][2][3].
ExxonMobil Guyana expects to achieve a total production capacity of 1.7 million oil equivalent barrels per day by 2030, with plans to develop eight projects in the Stabroek block. The company has successfully started up four complex offshore mega-projects under budget and ahead of schedule in the past five years, while simultaneously advancing plans for four additional projects by the end of the decade [1][2][3].
ExxonMobil Guyana Limited operates the Stabroek block and holds a 45% interest, with Hess Guyana Exploration Ltd. holding 30% and CNOOC Petroleum Guyana Limited holding 25% [1][2][3].
References:
[1] https://www.stocktitan.net/news/XOM/exxon-mobil-guyana-begins-production-at-fourth-offshore-guyana-w91qupyg86lv.html
[2] https://www.reuters.com/business/energy/exxon-starts-production-fourth-floating-oil-vessel-guyana-2025-08-08/
[3] https://www.marketscreener.com/news/exxonmobil-guyana-begins-production-at-fourth-offshore-guyana-project-ce7c5edddb8cf522
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc's editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet