Offshore staff
IRVING, Texas – ExxonMobil has started oil production at Liza Phase 2 on the Stabroek block offshore Guyana.
This is the country’s second offshore oil development. This brings total production capacity to more than 340,000 b/d in seven years since the country’s first discovery.
Production at the FPSO Liza Unity is expected to reach its target of 220,000 b/d of oil later this year. It adds to the more than 120,000 b/d of capacity at the FPSO Liza Destiny, which began production in December 2019 and is now delivering at better than design capacity.
The Liza Unity arrived in Guyana in October 2021. It is moored in about 1,650 m (5,413 ft) of water and will be able to store around 2 MMbbl of crude. The Liza Unity is the world’s first FPSO to be awarded the SUSTAIN-1 notation by ABS in recognition of the sustainability of its design, documentation and operational procedures.
The Stabroek block’s recoverable resource base is currently estimated at more than 10 Bboe.
The current resource has the potential to support up to 10 projects. ExxonMobil anticipates that four FPSOs with a capacity of more than 800,000 b/d will be in operation on the Stabroek block by year-end 2025.
Payara, the third project in the Stabroek block, is expected to produce about 220,000 b/d of oil using the FPSO Prosperity, which is currently under construction. The field development plan and application for environmental authorization for the Yellowtail project, the fourth project in the block, have been submitted for government and regulatory approval.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. is the operator and holds 45% interest. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Ltd. holds 25% interest.
02/11/2022
