― Increases in production levels comparable to output of a new oil project
Increases in crude oil production from ExxonMobil Guyana’s optimization efforts offshore Guyana are so substantial that they are comparable to adding an entire new oil development project. These increases, achieved through debottlenecking, have boosted output by 103,000 barrels per day (b/d) across the company’s three projects.
The first of ExxonMobil’s projects, Liza-1, began production in December 2019 with an initial target of 120,000 b/d. Thanks to optimization work, Liza-1 has managed to sustain production of approximately 160,000 b/d, an increase of 40,000 b/d. Similarly, Liza-2, which began production in February 2022, targeting 220,000 b/d, has been optimized to sustain producing up to 252,000 b/d, adding 32,000 b/d. Both Liza field projects demonstrated the capability to maintain optimized production levels for a month, averaging these new levels in February 2024.
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