Exxon’s Yellowtail project averaged 258,000 b/d in November, exceeding design rate

Dec. 29 (oilnow.gy) ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, exceeding its 250,000 b/d design capacity, according to newly released government data.

Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up from 841,000 b/d in October, the data showed.

Yellowtail, the newest project, started production in August and reached design capacity in early November.

The Liza 2 and Payara projects held stable in November, averaging about 269,000 b/d and 262,000 b/d, respectively. Liza 1 averaged around 105,000 b/d after low output in the final third of the month, the data showed.

By the end of November, year-to-date production averaged approximately 699,000 b/d. Full-year output is expected to average between 700,000 and 725,000 b/d.

All current offshore production is operated by ExxonMobil, which holds a 45% stake in the Stabroek Block. Co-venturers include Hess, now part of Chevron, with 30%, and CNOOC with 25%.