Exxon plans to begin oil production from a second platform offshore Guyana next month New platform would increase Guyana’s production threefold ExxonMobil and Hess Corp. have recently made their 20th discovery in the Stabroek block Exxon plans to begin oil production from a second platform offshore Guyana next month, Reuters reported this week, citing an unnamed source familiar with the company’s plans. The second production facility would increase Guyana’s oil output threefold to 340,000 bpd, the report noted, adding that a third production facility—a floating production, storage and offloading vessel—was under construction currently. The news about the production boost comes a couple of weeks after the announcement of more discoveries off Guyana’s shore. Exxon struck high-quality oil and hydrocarbon-bearing sandstone reservoirs at the Fangtooth-1 and Lau Lau-1 wells in the block off Guyana, which continues to be one of the U.S. corporation’s priority exploration and production areas for the […]