ExxonMobil to Invest $10bn in Yellowtail Project

Photo by Justin/Unsplash
Photo by Justin/Unsplash

ExxonMobil Moves Forward with Guyana Project


After receiving approval from the government, ExxonMobil is set to invest US$ 10 billion in its Yellowtail development project which will be located just offshore Guyana in South America. The investment will cover the construction of six drill centers, as well as around 25 injection and 26 production wells.

The development is projected to yield around 250,000 barrels of oil every day beginning in 2025.

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