Exxon Sanctions Hammerhead Project Offshore Guyana

September 24, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--By making a final investment decision for the seventh development off the coast of Guyana, Exxon Mobil Corporation (Spring, Texas) said Tuesday that it expects total regional production to reach 1.5 million barrels of oil equivalent per day. Exxon sanctioned the Hammerhead development after receiving regulatory approval from Guyana's government. This is the seventh prospect in the lucrative Stabroek block, with production expected at around 150,000 barrels of oil per day (BBL/d).