Exxon says it has cut Guyana crude output due to gas compressor failure

FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

The company, which owns a 45% stake in the Stabroek block where Liza is located, did not specify current production levels. Hess Corp, one of Exxon’s partners in the block with a 30% stake, said in an earnings call last week that production had reached full capacity of 120,000 barrels per day . “The full extent of the damage will not be known until a detailed inspection of the compressor can take place at the workshop of the manufacturer, MAN Turbo in Germany,” the company said in a statement.

This gas compressor issue in Guyana is one I really can't understand for an Asset that is just one day old.

Oh, the poor dears!

Smart way to stir up the market for Monday. Nice!

95% only bad news(

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