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