Exxon Mobil (XOM) is continuing work to determine the total natural gas resources at the Stabroek Block in Guyana, the country’s energy minister said Thursday, according to Reuters.
Exxon (XOM) “still needs to do more work to evaluate the amount of resources there,” Vickram Bharrat, Guyana’s minister of natural resources, said in an interview at the Guyana Energy Conference.
Bharrat said the government’s priority is to develop onshore industrial projects such as data centers and fertilizer plants to use gas and advance Guyana’s economy, adding the government would seek to begin exports once it is determined there is excess gas beyond that.
Separately, Exxon’s (XOM) fifth and sixth projects in Guyana – Uaru and Whiptail – are progressing ahead of schedule and under budget, the company’s head of Guyana operations said Wednesday at the conference.
Exxon’s (XOM) Alistair Routledge declined to provide a specific timeline for the startup of the projects when asked by Reuters, but the company has said the Uaru project is scheduled to begin oil production this year and Whiptail is anticipated to start up in 2027.
Uaru and Whiptail will each produce 250K bbl/day, raising Guyana’s overall output to 1.15M bbl/day when Uaru starts and 1.4M bbl/day when Whiptail comes online.