ExxonMobil has drilled more than 130 wells offshore Guyana in the decade since its first major discovery. This is according to the Vice President of Global Exploration at ExxonMobil Upstream Company, John Ardill during a Production Sharing Contract signing in Trinidad and Tobago.
“Remember the Guyana story, that was 2015 and Guyana today, we’ve drilled over 130 wells in that 10-year period,” he said. Ardill called it “by far the leading deepwater development in the world in terms of both scale and pace”.
Exxon and the Liza legacy: A decade of oil development in Guyana | OilNOW
ExxonMobil’s Chief Executive Officer, Darren Woods recently said the Stabroek Block offshore Guyana is the industry’s biggest oil discovery in the last 15 years and ranks among the most successful developments in deepwater history.
The first find was Liza, the biggest ever.
By December 2019, the first development – Liza Phase 1 – was churning out oil from the Liza Destiny floating production, storage and offloading vessel (FPSO) built by SBM Offshore. Guyana started producing around 75,000 barrels per day (b/d).
Today, the Stabroek Block has logged 46 discoveries. The current resource estimate is 12.6 billion barrels. The FPSO count is up to four, with two additional developments, Payara and Yellowtail, the latter which began production on August 8.
Exxon also has a line of sight to add four more projects, which could end up producing 1.5 million b/d by 2029.
