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XOM-EXXON MOBIL CORP

ExxonMobil Resumes Hydrocarbon Exploration in Guyana, Aiming for Over 1.7 Million Barrels Per Day by 2029

Sunday

16 February, 2025

ExxonMobil is making waves in Guyana's energy sector with a bold plan to ramp up hydrocarbon production to over 1.7 million barrels per day by 2029. As they invest nearly $55 billion and forge key partnerships, can they navigate the challenges of a shifting energy landscape while maximizing growth?

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Key Takeaways
  • ExxonMobil aims to increase production capacity to over 1.7 million barrels daily by 2029.
  • Key projects like Hammerhead and Longtail will enhance crude and gas production.
  • The company has committed nearly $55 billion, reflecting strong confidence in future growth.
  • Partnerships, including a contract with Baker Hughes, will improve production efficiencies.
  • Government investments in gas-to-energy infrastructure position ExxonMobil favorably for rising energy demands.
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