Guyana’s government approves the Longtail Field Development Plan and issues the corresponding Petroleum Production Licence, marking the start of the country’s eighth offshore petroleum development. Coverage across outlets says the approval moves Guyana toward commercialising natural gas resources, with Longtail identified as the nation’s first non-associated gas (NAG) project.
Reports agree that ExxonMobil Guyana Limited will operate the development with co-venturers Hess Guyana Exploration Limited and CNOOC Petroleum Guyana Limited. They describe a multi-reservoir project in the Stabroek Block targeting nine reservoirs, using a newly built floating production, storage and offloading (FPSO) vessel designed to handle about 1.2 billion cubic feet of gas per day and produce up to 250,000 barrels of condensate daily. Sources also cite an expected production profile of roughly 776 million barrels of condensate over 30 years, using 27 production wells and 18 gas injection wells, with first production anticipated before the end of 2030.
Some outlets add context on licence requirements and downstream planning, including studies for gas utilisation and export, and references to potential links to onshore gas industrial goals. Others focus more tightly on the approval and project specifications, with investment mentioned in passing by some reports.
