Guyana Says Liza Hits First-Phase Capacity

Country’s president expects 10 additional wells in its waters this year.

Liza FPSO.

Guyana’s President Irfaan Ali announced that the first phase of the Liza offshore crude project had achieved its intended full-production capacity of around 130,000 B/D.

Ali told virtual attendees at the Guyana Basin Summit that he expected an additional 10 exploration and appraisal wells to be drilled off Guyana this year. He said the second phase of the Liza project, operated by ExxonMobil, would begin in 2022.

The consortium led by Exxon, which includes partners Hess and CNOOC Ltd., has made 18 discoveries containing more than 8 billion bbl of recoverable oil and gas in Guyana’s Stabroek block.