Stabroek Block produced over 18 million barrels in January 

Must Read

Kemol King
Kemol King is a journalist with six years of experience in Guyana's media landscape. He covers the oil & gas sector and its impact on the country's development.

In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil. 

The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively at 645,000 b/d.

Table shows total production at Stabroek Block projects

The newly operational Payara project exceeded its target production of 220,000 b/d for the first time in January but averaged 200,000 b/d. The Liza 1 project averaged 152,000 b/d, demonstrating up to 161,000 b/d production. Liza 2 averaged 250,000 b/d and peaked at 254,000 b/d.

Exxon plans to take the Liza field offline for a few weeks in the second half of the year to hook up the Gas-to-Energy pipeline.

All the FPSOs currently in operation offshore Guyana have been built by Dutch floater specialist, SBM Offshore. ExxonMobil has a 45% operating stake in the Stabroek Block, while Hess has a 30% stake and China’s CNOOC has a 25% stake.


Partnered Events

Latest News

Saipem gets US$850 million deal for subsea work off Angola coast 

Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Limited,...

More Articles Like This