ExxonMobil Advances Next Phase of Guyana Development with Longtail
Business Wire•12/11/2026•16:30 ET
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Key Highlights
- ➤Longtail receives final investment decision and approvals, targeting 2030 startup
- ➤ExxonMobil plans additional US$12.5 billion investment for Longtail development
- ➤Longtail FPSO targets 1.2 billion standard cubic feet daily gas processing
- ➤Longtail FPSO targets up to 250,000 barrels of condensate daily
- ➤Stabroek production expected to exceed 1 million bpd after Uaru starts in fourth quarter
Expert Statements
Dan Ammann, President of ExxonMobil Upstream Company
“Guyana is home to one of the world’s most prolific energy developments, and Longtail represents the next phase in realizing the full potential of its resources.”
Dan Ammann, President of ExxonMobil Upstream Company
“By developing these gas and condensate resources, we’re unlocking new value for Guyana while delivering advantaged energy to meet growing global demand.”
ExxonMobil Advances Next Phase of Guyana Development with Longtail
* Government approval of Longtail Field Development Plan targets project start-up in 2030 * Eighth Stabroek block development advances Guyana’s gas and condensate resources * Additional US$12.5 billion investment planned for the Longtail development ExxonMobil has made a final investment decision for the Longtail development offshore Guyana following required government and regulatory approvals. Longtail, the eighth development located in the southeastern portion of the Stabroek block, is expected to come online in 2030.
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