More than 30 discoveries offshore Guyana

More than 30 discoveries offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027.

Goal expected to see oil production exceeding 1.2 million barrels per day (bpd).

All projects are to be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.

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Amsterdam, 9 feb 2023–

Liza Phase 1

Field(s): Liza

• Resource: 450 million barrels of oil equivalent
• Development wells: 17
• First Oil: December 2019
• Oil Production Capacity: 150,000 bpd
• FPSO Oil Storage Capacity: 1.6 million barrels
• Offloading Frequency: Every 5 – 10 days
• Estimated Development Cost: US$3.6 billion

Liza Phase 2

• Resource: 600 million barrels of oil equivalent
• Development wells: 33
• First Oil: February 2022
• Oil Production Capacity: 230,000 bpd
• FPSO Oil Storage Capacity: 2 million barrels
• Offloading Frequency: Every 4 days
• Estimated Development Cost: US$6 billion

Field(s): Payara, Pacora

• Resource: 600 million barrels of oil equivalent
• Development wells: 35 – 45
• First Oil: 2023 (Expected)
• Oil Production Capacity: 220,000 bpd
• FPSO Oil Storage Capacity: 2 million barrels
• Offloading Frequency: Every 4 days
• Estimated Development Cost: US$9 billion

Yellowtail

Field(s): Yellowtail, Redtail

• Resource: 925 million barrels of oil equivalent
• Development wells: 45 – 55
• First Oil: 2025 (Expected)
• Oil Production Capacity: 250,000 bpd
• FPSO Oil Storage Capacity: 2 million barrels
• Offloading Frequency: Every 4 days
• Estimated Development Cost: US$10 billion

Uaru

Field(s): Uaru, Mako, Snoek

• Resource: ~1.3 billion barrels of oil equivalent
• Development wells: 40 – 76
• First Oil: 2026 (Expected)
• Oil Production Capacity: 220,000 – 275,000 bpd
• FPSO Oil Storage Capacity: 2 million barrels
• Offloading Frequency: Every 4 days
• Estimated Development Cost: US$12.7 billion

Whiptail

Whiptail, Pinktail, Tilapia

• Resource: ~1 billion barrels of oil equivalent
• Development wells: 40 – 65
• First Oil: Late 2027 – Early 2028
• Oil Production Capacity: 220,000 – 275,000 bpd
• FPSO Oil Storage Capacity: 2 million barrels
• Offloading Frequency: Approximately every 3-6 days
• Estimated Development Cost: TBA

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