ExxonMobil has made a final investment decision for the Whiptail development about 200 km offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project in Stabroek block, is expected to add about 250,000 b/d capacity by end-2027.
The $12.7-billion Whiptail project will include up to ten drill centers with 48 production and injection wells. Jaguar, the floating production storage, and offloading (FPSO) vessel for the Whiptail project, is under construction by SBM Offshore.
The FPSO will be designed to produce 250,000 bo/d, will have associated gas treatment capacity of 540 MMcfd, and water injection capacity of 300,000 b/d. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store about 2 million bbl of crude oil. Ownership of the FPSO will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the operations and maintenance enabling agreement signed in 2023.
ExxonMobil affiliate ExxonMobil Guyana Ltd. is operator and holds 45% interest in Stabroek block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Ltd. holds 25% interest.
