22 C
Georgetown
Friday, January 22, 2021

Liza Destiny topsides in place; 1st oil possible this year – Hess

Must Read

Biden administration suspends oil and gas permitting on federal lands

(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters...

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services,...

Guyana bracing for rapid expansion in services, logistics and construction – Dr. Singh

Senior Minister with responsibility for Finance in the Office of the President in Guyana, Dr. Ashni Singh, said the...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Hess Corporation says work on the 120,000 bpd Liza Destiny is almost complete with commissioning activities underway. The company also said there is a possibility of first oil coming by year-end from the Liza Phase 1 Development project.

Speaking to investors on an earnings call on Thursday, Hess Corporation’s Chief Operating Officer, Greg Hill, said the Liza Destiny will arrive offshore the South American country in Q3, 2019. “At the Keppel yard in Singapore, installation of topside modules is now complete on the 120,000 barrel of oil per day Liza Destiny FPSO and commissioning activities are underway. The vessel is expected to arrive offshore Guyana in the third quarter of 2019.”

Responding to a question on the likelihood of oil production beginning before the scheduled 2020 timeline, Hill said, “The project is ahead of schedule. There is a chance that it will be on before that. I think it’s the reason that there is a little bit left in the schedule, is because we started all the open water activities. So, I think it’s prudent to stick with our buy first quarter 2020 for now until everything shows up in theater and you start the open water work.”

Hill said drilling of the Liza Phase 1 development wells is proceeding at the Stabroek Block and installation of subsea infrastructure is well advanced with installation of subsea umbilicals, risers and flow lines planned for the second quarter of 2019.

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.

RELATED:

New milestone at Stabroek as first subsea tree installed

Exxon hits milestone at Stabroek Block as 1st pipe for Liza Phase 1 touches seabed

Latest News

Biden administration suspends oil and gas permitting on federal lands

(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters...

Guyana-Suriname basin at top of watch list, Bulletwood and Bonboni could deliver big pay

Analysts are looking closely at the exploration campaigns targeting the Bulletwood prospect in Guyana and Bonboni in neighbouring Suriname which are testing the upper...

Guyana bracing for rapid expansion in services, logistics and construction – Dr. Singh

Senior Minister with responsibility for Finance in the Office of the President in Guyana, Dr. Ashni Singh, said the new oil producing country is...

Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in Trinidad and Tobago. “In Trinidad and...

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil...

More Articles Like This