ExxonMobil Greenlights $6.8B Hammerhead Project in Guyana: Oil Output to Surge by 2029 Skip to main content

ExxonMobil Greenlights $6.8B Hammerhead Project in Guyana: Oil Output to Surge by 2029

ExxonMobil Hammerhead — Visual & Data Highlights

Visual & Data Highlights — ExxonMobil Hammerhead (Stabroek Block, Guyana)

Four visuals prepared for an in-depth blog post. Palette: navy / teal / gray. Export buttons create high-res PNGs/SVGs suitable for publishing.

1) Map — Stabroek Block & Major Fields

Guyana Coastline Approx. 750–1,200 m Stabroek Block Liza Payara Yellowtail Uaru Whiptail Hammerhead FPSO location (symbol) Legend Liza Payara Yellowtail Uaru Whiptail Hammerhead (FPSO)
Source: schematic map for illustration. Depth band shows approximate 750–1,200 m zone. For map overlays or exact coordinates use GIS data and nautical charts.

2) Production Ramp — 2019–2030 (stacked by project)

Key markers
  • Liza Phase 1 start — 2019
  • Liza Phase 2 start — 2022
  • Payara — 2023
  • Yellowtail — 2025
  • Uaru — 2027
  • Whiptail — 2028
  • Hammerhead (150k bbl/d) first oil — Q2 2029
Data shown as bbl/d (thousands), stacked. Annual totals illustrated; Hammerhead contribution treated as half-year in 2029 (≈75k).

3) Table — Key Metrics of Hammerhead Project

Metric Value Source
Capital Cost $6.8 billion ExxonMobil (2025 release)
Recoverable Reserves ~387.6 million barrels oil equivalent 2022 estimate (public disclosures)
Production Capacity 150,000 bbl/d (FPSO design) Project documentation
Well Count 18–30 wells planned Government approval documents
FPSO Storage Capacity 1.4–2.0 million barrels Project specs
First Oil Q2 2029 Operator announcement
Operator / Partners ExxonMobil (45%); Chevron/Hess (30%); CNOOC (25%) Project partners
Sources: operator releases, government documents. Verify with primary source documents for publication.

4a) CAPEX Allocation (of $6.8B)

Example allocation (editable in code): FPSO construction, subsea systems, drilling & completions, pipelines & gas handling, logistics/other. Values sum to 100% of $6.8B.

4b) Revenue / PSA Illustration

Shows cost oil vs profit oil, with profit oil split 50/50 between Government and Contractors (illustrative — refer to PSA text for exact contract terms).

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