ExxonMobil Liza Phase 2 Underway off Guyana
Production at Liza Unity FPSO should reach 220,000 B/D later in 2022.
ExxonMobil started production of Liza Phase 2, Guyana’s second offshore oil development on the Stabroek Block; total production capacity is now more than 340,000 B/D in the 7 years since the country’s first discovery. Production at the Liza Unity FPSO is expected to reach its target of 220,000 bbl of oil later this year. The Stabroek Block’s recoverable resource base is estimated at more than 10 billion BOE.
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 block by year-end 2025. Payara, the third project in the block, is expected to produce approximately 220,000 BOPD using the Prosperity FPSO vessel, 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 approvals.
The Liza Unity arrived in Guyana in October 2021. It is moored in water depth of about 1650 m and will store around 2 million bbl of crude.
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%.