ExxonMobil started new drillling phase in Guyana's offshore project
Petroleumworld 06 13 2018
Exxon Mobil Corp said on Tuesday it started development drilling in three offshore Guyana projects, which could produce more than 500,000 barrels of oil per day.
The company said it expects to start producing oil from these developments in 2020.
The projects include the conversion of an oil tanker into a floating, production, storage and offloading (FPSO) vessel, which would have a production capacity of 120,000 barrels of oil per day.
A second FPSO with a capacity of 220,000 barrels per day is being planned and a third is under consideration, the company said.
Exxon said in March that projects in Guyana and the Permian Basin region of Texas and New Mexico, as well as refining and chemical plant expansions, should drive earnings gains.
Hit your target - Advertise with Us
Reporting by Parikshit Mishra in Bengaluru Editing by Saumyadeb Chakrabarty from Reuters.
reuters.com 06 12 2018
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels