Exxon Mobil Corp on Monday decided to invest $10 billion in a fourth oil production project off the coast of Guyana, the largest in the South American country.
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraeson Monday decided to invest $10 billion in a fourth oil production project off the coast of Guyana, the largest in the South American country.
Exxon's fourth project at Yellowtail will "provide the world with another reliable source of energy to meet future demand and ensure a secure energy transition,” said Liam Mallon, president of Exxon's upstream company. Exxon named the offshore production unit for Yellowtail "One Guyana," it said. The project will include six drill centers and up to 26 production and 25 injection wells, the company said.
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