ExxonMobil Starts Production at Guyana’s Second Offshore Development
11 Février 2022 - 9:20PM
Business Wire
- Production from Liza Unity vessel to reach 220,000 barrels of
oil per day later this year
- Accelerated development brings Guyana production capacity to
more than 340,000 barrels per day only seven years after first
discovery
- More than 3,500 Guyanese currently supporting ExxonMobil
activities in Guyana
ExxonMobil today said it started production at Guyana’s second
offshore oil development on the Stabroek Block, Liza Phase 2,
bringing total production capacity to more than 340,000 barrels per
day in only seven years since the country’s first discovery.
Production at the Liza Unity floating, production, storage and
offloading (FPSO) vessel is expected to reach its target of 220,000
barrels of oil later this year, as operations continue to be
brought safely online. It adds to the more than 120,000 barrels per
day of capacity at the Liza Destiny FPSO, which began production in
December 2019 and is now delivering at better than design capacity.
The Stabroek Block’s recoverable resource base is currently
estimated at more than 10 billion oil-equivalent barrels.
“We are collaborating closely with the government and people of
Guyana to develop this world-class resource responsibly, helping to
meet the world’s energy needs and delivering enhanced value for all
stakeholders at a record pace and well ahead of the industry
average,” said Liam Mallon, president, ExxonMobil Upstream Oil and
Gas. “With unparalleled project execution, we now have two
production facilities operating offshore Guyana.”
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 barrels per day will be in operation on the
Stabroek Block by year-end 2025. Payara, the third project in the
Stabroek Block, is expected to produce approximately 220,000
barrels of oil per day using the Prosperity FPSO vessel, 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.
Timely development of these additional projects and continued
exploration success offshore will enable the steady advancement of
Guyanese capabilities and enhanced economic growth. More than 3,500
Guyanese are now supporting ExxonMobil’s activities in Guyana.
ExxonMobil and its direct contractors spent approximately $219
million with more than 880 local suppliers in 2021, a 37%
year-over-year increase.
The Liza Unity arrived in Guyana in October 2021. It is moored
in water depth of about 1,650 meters and will be able to store
around 2 million barrels of crude. The Liza Unity is the world’s
first FPSO to be awarded the SUSTAIN-1 notation by the American
Bureau of Shipping in recognition of the sustainability of its
design, documentation and operational procedures.
ExxonMobil affiliate Esso Exploration and Production Guyana
Limited is operator and holds 45% interest. Hess Guyana Exploration
Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds
25% interest.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
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Cautionary Statement
Statements of future events or conditions in this release are
forward-looking statements. Actual future results, including
project plans, schedules, capacities, production rates, timing, and
resource recoveries could differ materially due to: changes in
market conditions affecting the oil and gas industry or long-term
oil and gas price levels; political or regulatory developments
including obtaining necessary regulatory permits; restrictions in
trade, travel or broader government responses to current or future
waves of COVID-19; reservoir performance; the outcome of future
exploration and development efforts; technical or operating
factors; the outcome of commercial negotiations; unexpected
technological breakthroughs or challenges; and other factors cited
under the caption “Factors Affecting Future Results” on the
Investors page of our website at exxonmobil.com and under Item 1A.
Risk Factors in our annual report on Form 10-K. References to
“recoverable resource” include quantities of oil and gas that are
not yet classified as proved reserves under SEC rules but that are
expected to be ultimately recoverable and are provided on a gross
basis.
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