Hammerhead is a conventional oil development located in deepwater in Guyana and is operated by Esso Exploration and Production Guyana. Discovered in 2018, Hammerhead lies in block Stabroek, with water depth of around 3,773 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2025. The Hammerhead conventional oil development will involve the drilling of approximately 30 wells and includes FPSO and subsea trees.
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Field participation details
The field is owned by Exxon Mobil, Hess and China National Offshore Oil.
Production from Hammerhead
Production from the Hammerhead conventional oil development project is expected to begin in 2025 and is forecast to peak in 2029, to approximately 1,17,080 bpd of crude oil and condensate and 49 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2048.
Remaining recoverable reserves
The field is expected to recover 415 Mmboe, comprised of 387.6 Mmbbl of crude oil & condensate and 164.37 bcf of natural gas reserves.
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Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
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