Exxon to Load First Crude from Guyana

The first-ever cargo of Guyana’s crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil’s refining system, the company told Reuters on Friday.

Exxon has so far made 15 discoveries of oil reserves in Guyana, turning a risky exploration venture into one of the world’s most promising oil mega-projects. The company is entitled to the first two crude cargoes to be exported from the Liza field, which it shares with U.S.-based Hess Corp and China’s CNOOC.

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