A consortium led by Exxon Mobil (NYSE:XOM) is reportedly considering its first offshore natural gas production in Guyana, close to the country’s maritime border with Suriname.
Exxon’s Guyana manager Alistair Routledge said, “By early 2025 we will have done the exploration and appraisal work to understand how comfortable we are on the resource,” according to a report by Reuters.
Routledge added, “The earliest the consortium could expect to start gas production in the prospective field near Suriname could be 2029 or 2030.”
As per the report, the consortium has yet to decide whether ...