Off-Topicoil and gasoffshore productionexxon mobil
Exxon Expands Guyana Output With New FPSO
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Exxon Mobil is advancing Guyana development as Mizuho raised its price target to $162 on March 17 and Reuters reported on March 19 that a new floating production, storage, and offloading platform, Errea Wittu, is nearly complete and expected to sail soon. MODEC-built Errea Wittu could produce up to 250,000 barrels per day from Uaru, helping push Exxon toward about 1.7 million bpd capacity in Guyana by 2030 amid higher near-term oil price forecasts.
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