Exxon Mobil, Hess Raise Guyana Oil Outlook with New Production Vessel

Production at the Liza Unity FPSO vessel is expected to reach 220,000 bbl/d of oil later this year, Exxon Mobil said. The first production unit, Liza Destiny, is pumping 120,000 bbl/d.

Sabrina Valle, Reuters
Exxon Mobil, Hess Raise Guyana Oil Outlook with New Production Vessel

Liza Unity sailaway. (Source: SBM Offshore)

Exxon Mobil Corp. on Feb. 11 said it is accelerating output at its Guyana’s offshore oil development, starting a new production vessel that will bring total production capacity to more than 340,000 bbl/d.

An Exxon Mobil-led consortium started production in the South American country in 2019 and is responsible for all oil and gas output in Guyana. Exxon Mobil and partners Hess Corp. and CNOOC Ltd. have discovered some 10 billion barrels of oil.

Production at the Liza Unity FPSO vessel is expected to reach 220,000 bbl/d of oil later this year, Exxon Mobil said. The first production unit, Liza Destiny, is pumping 120,000 bbl/d.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access