Speaking at the Goldman Sachs, Global Energy and Clean Technology Conference, CEO of Hess Corporation John Hess stated that the official figure for crude oil production from Guyana is estimated to reach 1.2 million barrels per day by 2027, an upward estimate from the previously reported 850,000 barrels per day.
This steady production will be supported by six floating production vessels (FPSOs). Hess, with partners Exxon and CNOOC, has had 30 major finds offshore Guyana, 9 of which have been in 2022. Presently, Guyana has two FPSOs in operation, producing about 360,000 barrels per day.
Hess noted that based on the recent appraisal of the Fangtooth well, the company may require a dedicated production unit for itself, which could mean a seventh FPSO.