Exxon Cuts Guyana Crude Output to Avoid Gas Flaring

ExxonMobil Corp has reduced crude output at its nascent project off Guyana’s coast due to problems with gas reinjection equipment, a move meant to avoid excessive gas flaring, the South American country’s environmental regulator said on Monday.

Output at the Liza field, which Exxon operates in a consortium with Hess Corp and CNOOC Ltd, has fallen to between 25,000-30,000 barrels per day within the past week after an issue with gas reinjection equipment, according to Vincent Adams, head of Guyana’s Environmental Protection Agency.

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