ExxonMobil slashes global spending, production to focus on Stabroek Block

Kaieteur News – ExxonMobil has slashed its global oil and gas production from its operations globally to 3.7 million barrels per day in stark contrast to its push to ramp up production in Guyana.

This would lead to Guyana accounting for a quarter of ExxonMobil’s total daily global production, which is being ramped up in the Stabroek Block, projected at 750,000 barrels per day in five years time.