ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, after receiving the required regulatory approvals. Hammerhead, the seventh project on the Stabroek block, is anticipated to come online in 2029. There are currently some 6,200 Guyanese working in support of Stabroek block operations—which is about 70% of the workforce. ExxonMobil Guyana and its contractors have spent more than $2.9 billion with Guyanese suppliers since 2015. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.