ExxonMobil today said it has started production at Guyana's third offshore oil development on the Stabroek Block, bringing total production capacity in the country to approximately 620 barrels per day.
In a statement, the oil company said the Prosperity floating, production, storage, and offloading vessel is expected to reach initial production of approximately 220 thousand barrels per day over the first half of next year as new wells come online.
President of ExxonMobil Upstream Company, Liam Mallon, said each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world's energy demand.
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