ExxonMobil’s giant Liza Phase 2 development offshore Guyana is on track to begin producing oil by early 2022 adding another 220,000 barrels of oil per day (bpd) at peak to the country’s output, which together with the 120,000 bpd from Liza Phase 1, will see production surpassing the 300,000 bpd mark.
The US$6 billion Liza Phase 2 Development project was sanctioned in May 2019 and will have a total of six drill centers as well as approximately 30 wells, including 15 production, nine water injection and six gas injection wells.
Greg Hill, Chief Operations Officer at Hess Corporation, a 30% stakeholder in the Stabroek Block, said last week work is progressing on schedule for the project with the hull for the Liza Unity FPSO, under construction in Singapore, and subsea work offshore Guyana, now 80 percent complete.
“The Liza Phase 2 development is progressing to plan with approximately 80% of the overall top side haul and subsea work completed,” Hill said. “The project will have a gross production capacity of 220,000 barrels of oil per day and remains on track for first oil by early 2022.”
Dutch floater specialist, SBM Offshore, said in August after the temporary closure of the yards in Singapore due to the global pandemic, they had re-opened and are ramping up operations.
The Liza Unity FPSO is the first of its kind to be constructed under SBM Offshore’s pioneering Fast4Ward® program. The hull was completed in less than two years from first steel cut in March 2018 and arrived at the Keppel shipyard in Singapore on January 13.
The Stabroek Block is 6.6 million acres, or 26,800 square kilometers. Current discovered recoverable resources are estimated at approximately 9 billion barrels of oil equivalent.