Production

ExxonMobil produced 11.5 million barrels of crude oil from the Stabroek Block’s Liza projects in January, marking a strong open to 2023. Production averaged 372,000 barrels per day (bpd), according to data from Guyana’s Petroleum Management Programme. The Liza Phase...

After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer,...

Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd). From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...

Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...

As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...

Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area. Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...

ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

The radical re-organisation of energy markets continues to pose a challenging task, nine months after Russia first invaded Ukraine. At a time when these markets are wallowing in thirst for crude barrels from friendly producers, Guyana’s quickly growing global...

Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...