Exxon Limits Guyana Output Due to Gas Injection Issues

Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country’s environmental regulator said on Friday.

Exxon, which operates the Stabroek block in a consortium with Hess Corp and China’s CNOOC Ltd, had initially planned to ramp up output for this first phase of the Liza project to its full capacity of 120,000 barrels-per-day (bpd) in August, Exxon Senior Vice President Neil Chapman said in a July earnings call.

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