The recent visit to ExxonMobil’s Houston, Texas campus by a team of Guyanese officials was part of ongoing dialogue, project updates and capacity building related to offshore deep-water activities being undertaken by the US super-major in the South American country.
OilNOW understands the Liza Phase 1 project and ongoing exploration activities, including seismic operations at Turbot field and the Kaieteur and Canje blocks formed a key aspect of the discussions. The potential natural gas project to bring gas to shore for lower-cost electricity was also discussed, as indicated by Guyana’s Ministry of Natural Resources.
The prospect of a Liza Phase 2 project, with a possible 2023 start, was also examined. This could see the involvement of a second Floating Production Storage and Offloading vessel (FPSO), which would bring the total to 2 that would be operating in the Stabroek Block. ExxonMobil’s Country Manager in Guyana, Rod Henson, told OilNOW in July that further discoveries offshore would make this a possible scenario. Subsequently, more oil was found at the Payara reservoir, pushing the total discovery there to 500 million oil-equivalent barrels and the total estimated recoverable oil in the Staboek Block to between 2.25 and 2.75 billion oil-equivalent barrels.
The Guyana team also visited ExxonMobil’s 4D Immersive Technology lab to view some of the Stabroek 3D data and participated in a virtual walkabout of the Lisa Destiny FPSO. This vessel will be positioned about 130 miles offshore Guyana for the Liza Phase 1 development.
Oil production in Guyana is targeted for mid-2020.
