Energy and oilUpdated 1h ago

ExxonMobil takes final investment decision on the $12.5 billion Longtail project

Guyana’s offshore development is getting a gas-focused chapter. Longtail is the country’s first project focused on gas, targeting non-associated gas and condensate. ExxonMobil has taken the final investment decision on the development, estimated at $12.5 billion, after the required government and regulatory approvals. Production is targeted by 2030, but that remains a plan, not a firm start date. A pipeline could carry gas to shore only if domestic demand and infrastructure develop enough to support it.

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