ExxonMobil’s Fourth Project in Guyana Receives Approval

ExxonMobil’s Fourth Project in Guyana Receives Approval

ExxonMobil is set to start work on its fourth project in Guyana, which got approval from the South American country’s Environmental Protection Agency, Reuters reported.

ExxonMobil will now have the required consent to begin the construction and operation of its Yellowtail project. However, the company has not yet made a decision on funding.

According to Reuters, when the project starts production in 2025, it will have an output of up to 250,000 barrels of oil and gas per day.

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Fatma Ahmed 1938 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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