ExxonMobil has placed Guyana in the ranks of its top three deepwater developments around the world, according to the President of its Upstream Company, Liam Mallon.
But in a few years, with the way producing is heading, its rank can be even higher.
“At the pace that we are continuing to grow, over the next couple of years, it would be right up there with the Permian in terms of the actual magnitude of the production,” he told Bloomberg in a Feb. 20 interview.
Guyana is already on track to become the largest producer per capita next year. Production is on an upward trajectory, headed for 900,000 barrels per day (b/d). The three operating projects – Liza 1, Liza 2, and Payara – have demonstrated peak production levels totaling 645,000 b/d altogether.
The next development, Yellowtail, is expected to start production in 2025. With an initial production target of 250,000 b/d, the project is poised to take Guyana to the #1 per capita spot, given the country’s small population of less than 800,000 people.
“This development has many years ahead of it and we are not going anywhere. We are delivering and we are developing and we are continuing to spread the benefits to Guyana within our area of operations,” he continued.
Exxon’s deepwater portfolio includes assets in Angola and Canada according to its website. It had abandoned drilling efforts in Brazil’s deepwater acreage, after a third dud early last year.
