Guyana Liza Project takes centre stage on day 1 of OTC

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A technical session on Guyana’s Liza project drew a capacity audience on Monday at the Offshore Technology Conference (OTC) being held in Houston, Texas.

Presentations were made by several ExxonMobil representatives covering the company’s exploration history in the Guyana basin, innovation and use of technology, a detailed look at the Liza field from discovery to development, drilling execution and the road to first oil. Early interventions for Guyanese business development and optimization also formed part of the presentations.

The Liza field is being developed by ExxonMobil, along with co-venturers Hess and CNOOC, and is located in the Stabroek Block, approximately 200 km offshore Guyana in approximately 1,800-meter-deep water.

Spanning the range of upstream oil and gas activities from exploration, drilling, development, and operations, the Liza Development has applied technology and novel execution approaches to discover, define, and rapidly develop the Liza field in a frontier oil and gas location.

Liza Phase 1 combined remarkable exploration success with project, subsurface, and drilling execution excellence to deliver Guyana’s first ever oil and gas production among industry leading cycle times.

One year later Guyana now firmly established as an oil producer

“Cycle time for Liza field from discovery to production was among the fastest for projects in this type of industry and this pace was enabled by several key factors…including novel approaches to multi-scenario analysis, focused appraisal programme, ripening corporation and new data,” ExxonMobil representative, Nick Austin, told participants at the session.

Liza Phase 2 is delivering a world-class deepwater development which combines a new build FPSO in the cycle time of a conversion with one of the industry’s largest subsea developments.

Guyana FPSOs ramping up traffic at Asian shipyard

The Liza Development is underpinned by a commitment to safety, a One Team approach, and sustainable local content development to set the foundation for future deepwater developments in Guyana.

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