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Govt. now asking ExxonM to submit breakdown after approving US$12.7B in expenses for 5th project

After granting the relevant regulatory approvals on April 27, 2023 for ExxonMobil’s fifth oil project in the Stabroek Block, the PPP government has now demanded that a breakdown of the costs for the development be provided within 90 days.
Demerara Mahaica Errea Wittu Uaru Petroleum Production Licence Stabroek Block Petroleum Sharing Agreement Unit Development Dexxon Group

Indian, European oil firms evaluating bids for Guyana blocks

The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon Mobil Corp-led consortium that now controls all production. The Exxon group has outlined plans to install at least seven vessels to tap more than 11 billion barrels discovered to date.
United States Exxon Mobil South American Exxon Mobil Corp Led Dexxon Group Exxon Mobil Corp

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