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High materiality7/10

Exxon finalizes $12.5B FID on Longtail Guyana project, adds large gas/condensate capacity for 2030 start

Nov 13, 2026, 9:50 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The FID commits capital to a material supply-side expansion that should raise Exxon’s future production capacity and potential revenue exposure to gas and condensate markets starting in 2030; the economic impact depends on execution, timeline and commodity prices.

AI summary

What happened, with direct paths to the underlying reporting

Exxon announced FID on the $12.5B Longtail Guyana development, slated to start production in 2030 with a large FPU, ~45 subsea wells and significant gas and condensate capacity.

  • ExxonMobil announced a $12.5 billion investment and final investment decision for its Longtail development in Guyana.
  • Longtail is expected to start production in 2030.
  • The project will include a floating production vessel able to process 1.2 billion cubic feet of gas per day and produce up to 250,000 barrels per day of condensate.
  • Longtail will include approximately 45 subsea wells and is the eighth development in Guyana’s Stabroek block.

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