Tag Archives: Guyana: First oil for Guyana now expected in December 2019

Guyana: First oil for Guyana now expected in December 2019

The timetable for production of first oil has been moved up to December this year, earlier than the previously announced first quarter of 2020, ExxonMobil’s partner in the Stabroek Block, Hess, yesterday announced.

“In terms of development, the Liza Phase 1 discovery is now targeted to start up in December and will produce up to 120,000 gross barrels of oil per day using the Liza Destiny FPSO [Floating Production Storage and Offloading vessel], which arrived in Guyana on August 29th,” Hess’ Chief Executive Officer, John Hess, yesterday said at the company’s 2019 third quarter earnings call.  Continue reading