On the heels of obtaining government regulatory approvals for its Yellowtail well and the announcement of its US$10 billion Final Investment Decision on that project, US oil major ExxonMobil is now seeking approval for a fifth development, at the Uaru+ well.
“Even as we make this final investment decision for Yellowtail, our team here in Guyana has submitted an application for environmental authorisation for a fifth development in the Stabroek Block – Uaru+,” Country Manager, Alastair Routledge, announced in a video release from the company on Monday.
“This reflects our commitment to steadily and of course, responsibly, develop the current resource estimate of more than 10 billion oil-equivalent barrels. These developments and our ongoing exploration success, will enable the continued advancement of our Guyanese workforce and the companies that are supporting our activities, all while enabling enhanced economic growth for the country.”
