Field Development | Offshore
Exxon Begins Development Drilling at Guyana Liza Project; Eyes 2020 Startup
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ExxonMobil has reported an update on its Liza Phase 1 development offshore Guyana.
Key Items:
- Development drilling commences, facility construction under way; first oil in 2020
- Production from three developments to exceed 500,000 barrels per day
- About 50 percent of in-country workforce is Guyanese
Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent barrels on the Stabroek Block.
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