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ExxonMobil commits US$ 12.5 billion to Longtail development offshore Guyana

By Public Technologies
  • ExxonMobil made a final investment decision on Guyana's Longtail development, with a planned investment of US$ 12.5 billion.
  • Longtail, the eighth development in the Stabroek block, is expected to start production in 2030 following government and regulatory approvals.
  • The vessel will process 1,200 million standard cubic feet of gas daily, with condensate output up to 250,000 barrels daily.
  • ExxonMobil operates the project with a 45% stake; Hess holds 30%, while CNOOC owns 25%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ExxonMobil Holdings Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202611121630BIZWIRE_USPR_____20261111_BW635044) on November 12, 2026, and is solely responsible for the information contained therein.

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