Liza Oil Development


All posts for Liza Oil Development

Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana

Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 4 billion barrels of oil equivalent Planning underway for a third phase of development Total discoveries to date establish potential to produce over 750,000 barrels per day by 2025 NEW YORK-- ...

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Posted 1 year agoPress > HessHess CorporationGuyana +6

ExxonMobil Increases Estimate for Guyana’s Stabroek Block to 4 Billion Barrels

Evaluation supports third phase of development; additional two phases under consideration with potential to produce over 750,000 barrels per day Success in upstream projects increases confidence in earnings growth plans High quality resource and project execution excellence provides value to res ...

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Posted 1 year agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +6

ExxonMobil Advances Liza Phase 1 Development

Development drilling commences, facility construction under way; first oil in 2020 Production from three developments to exceed 500,000 barrels per day About 50 percent of in-country workforce is Guyanese IRVING, Texas--( BUSINESS WIRE )--The Liza Phase 1 development continues to rapidly progre ...

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Posted 1 year agoPress > ExxonMobilExxon Mobil CorporationExxon Mobil +4

ExxonMobil Announces Sixth Oil Discovery Offshore Guyana

Ranger-1 well encounters approximately 230 feet of high-quality, oil-bearing reservoir Well is located approximately 60 miles northwest of Liza phase one project Discovery provides a new play concept for the 6.6 million acre Stabroek Block   IRVING, Texas--( BUSINESS WIRE )-- Exxo ...

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Posted 2 years agoPress > ExxonMobilDiscoveryOffshore +3

ExxonMobil Awards Key Contracts for Liza Oil Development and Production in Guyana

Significant step toward first oil production in Guyana  Contracts awarded for floating production, storage and offloading vessel  Production license application and development plan filed with government  ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today annou ...

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Posted 3 years agoPress > ExxonMobilGuyanaLiza Oil Development