The OSV Horn Island vessel will be continuing deepwater development at Guyana’s Liza Field located in the offshore Stabroek Block.
A recent notice by the Maritime Administration Department (MARAD) outlined that activities will conclude at the site on December 31.
The developmental area is situated approximately 102.27 nautical miles (189.4 kilometers) off the Coast of Guyana and covers an area of 136.8 square nautical miles (469.3 square kilometer).
Stabroek Block operator ExxonMobil has been ramping up production at the Liza Field. May was the best production month thus far; 11.6 million barrels of crude were churned out, at 374,450 barrels per day (bpd). This was constituted by the production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.
Over the period January to May, the Liza field produced 56.8 million barrels or 376,200 bpd. At this rate, the field would produce a comfortable 80.1 million barrels in the remaining seven months, and complete the year at 136.9 million barrels. The field produced 101.3 million barrels in 2022.
