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ExxonMobil Adds Another Major Project To Its Guyana Oil Bonanza

1. ExxonMobil's Hammerhead project receives final investment decision with regulatory approvals. 2. First production expected in 2029, marking the seventh project at Stabroek. 3. Total capital outlay for Hammerhead estimated at $6.8 billion. 4. Exxon increases oil production capacity to 900,000 barrels per day ahead of schedule. 5. Guyana's offshore oil boom continues, enhancing economic growth and infrastructure investment.

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FAQ

Why Very Bullish?

The new project signifies long-term growth potential, confirmed by historical successes in the region.

How important is it?

The article outlines significant investments and future production milestones that boost ExxonMobil's market outlook.

Why Long Term?

Production from Hammerhead in 2029 indicates extended revenue streams and stability.

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