Exxon Highlights Deepwater Ops In Guyana And Brazil

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(Energy Analytics Institute, 30.Apr.2021) — ExxonMobil’s deepwater projects offshore Guyana and Brazil generate returns over 10% with an oil price below $35 per barrel, the company’s CEO Darren Woods told analyst during a conference call on 30 April 2020.

In Guyana, the executive said the following: the 5th and 6th drilling rigs had arrived; the Liza Unity FPSO was expected to sail from Singapore by mid-year; the Payara development, the third one offshore in the Stabroek Block, was on schedule; and the Yellowtail development plan was progressing.

In Brazil, the executive said the company was advancing Bacalhau towards a final investment decision (FID), while the company was continuing with its exploration drilling.

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By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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