EXXONMOBIL has proceeded with its Guyanese exploration and production projects at a pace rarely seen in the offshore industry. The US supermajor touted Stabroek as one of its most prized assets, with break-even starting at a Brent crude price of $35 per barrel and expected to dip below $25 per barrel on the Liza -2 flaoting production, storage and offloading vessel. The company pushed ahead with the arrangements for two more FPSOs even before government approvals had been given.
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