ExxonMobil awards key contract for oil well

As ExxonMobil gears up for  production from Guyana’s first oil well by mid-2020, the company yesterday announced that it has awarded contracts to US-based, SBM offshore for a floating production storage and offloading (FPSO) vessel.

“We would anticipate an increase in activity in 2019, preparing for first oil production by mid-2020”,