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Monday, January 25, 2021

Liza production to hit peak in August as water and gas injection come online – Hess

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Two additional high-quality reservoirs identified at Yellowtail-2

ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production climb to its peak of 120,000 barrels of oil per day in August, according to co-venturer with a 30% stake in the block – Hess Corporation.

“Phase two of the Liza Field development, which will utilize the Liza Unity FPSO with an expected capacity of 220,000 gross bopd, remains on target to achieve first oil in early 2022. As previously announced, some activities for a third development, Payara, with expected production capacity of 220,000 gross bopd, have been deferred pending government approval of the project creating a potential delay in production startup of six to twelve months,” the company on Wednesday in its Q2 financial report.

Hess said the Stena Carron drill ship recently completed appraisal drilling at Yellowtail-2, located 1 mile southeast of Yellowtail-1. “The well identified two additional high-quality reservoirs, one adjacent to, and the other below the Yellowtail Field, further demonstrating the world class quality of this basin.” This additional resource is currently being evaluated and will help form the basis for a potential future development, the company added.

The Noble Don Taylor commenced drilling of the Redtail exploration well, which is 1.25 miles northwest of Yellowtail-1, in July. The other two drillships, the Noble Bob Douglas and the Noble Tom Madden, are drilling and completing Liza Phase 1 and Phase 2 development wells, Hess said.

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