ExxonMobil keeps powering ahead in its offshore Guyana program even as a contract dispute and geopolitical tensions cast a shadow over the oil-rich project.

The company made a final investment decision for the Whiptail development, its sixth project on the offshore Stabroek block. It has the necessary approvals in place and the offshore platform is under construction, the company said. 

Whiptail would produce 250,000 b/d of oil by 2027, bringing total production to 1.3 million b/d by this date. This would make Guyana one of the top producers in Latin America, easily surpassing neighboring Venezuela which now produces around 850,000 b/d.

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