Guyana Exxonmobil Starts Tender

ExxonMobil today said it started production at Guyanas second offshore oil development on the Stabroek Block Liza Phase 2 bringing total production capacity to more than 340000 barrels per day in only seven years since the countrys first discovery. Production from Liza Unity vessel to reach 220000 barrels of oil per day later this yearAccelerated development brings Guyana production capacity to more than 340000 barrels per day only seven years after first discoveryMore than 3500 Guyanese currently supporting ExxonMobil activities in GuyanaProduction at the Liza Unity floating production storage and offloading FPSO vessel is expected to reach its target of 220000 barrels of oil later this year as operations continue to be brought safely online. It adds to the more than 120000 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 Blocks 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 worlds 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 800000 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 220000 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 3500 Guyanese are now supporting ExxonMobils 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 1650 meters and will be able to store around 2 million barrels of crude. The Liza Unity is the worlds 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.