{"id":661,"date":"2024-12-30T14:40:14","date_gmt":"2024-12-30T14:40:14","guid":{"rendered":"https:\/\/energyguyana.gy\/?p=661"},"modified":"2024-12-30T14:40:15","modified_gmt":"2024-12-30T14:40:15","slug":"exxonmobils-guyana-oil-ventures-a-roadmap-to-1-7-million-b-d","status":"publish","type":"post","link":"https:\/\/energyguyana.gy\/index.php\/2024\/12\/30\/exxonmobils-guyana-oil-ventures-a-roadmap-to-1-7-million-b-d\/","title":{"rendered":"ExxonMobil\u2019s Guyana oil ventures: A roadmap to 1.7 million b\/d"},"content":{"rendered":"\n

Published by OilNOW on December 30,\u00a02024<\/em><\/p>\n\n\n\n

With more than 30 discoveries made offshore Guyana, ExxonMobil has a line of sight for the addition of eight floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production reach 1.7 million barrels per day (b\/d).<\/p>\n\n\n\n

All projects will be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.<\/p>\n\n\n\n

Liza Phase 1<\/strong><\/p>\n\n\n\n

\"\"<\/a>
The Liza Destiny FPSO<\/figcaption><\/figure>\n\n\n\n

Field(s): Liza<\/p>\n\n\n\n

Resource: 450 million barrels of oil<\/p>\n\n\n\n

Development wells: 17<\/p>\n\n\n\n

First Oil: December 2019<\/p>\n\n\n\n

Oil Production Capacity: 160,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 1.6 million barrels<\/p>\n\n\n\n

Offloading Frequency: Every 5 \u2013 10 days<\/p>\n\n\n\n

Estimated Development Cost: US$3.6 billion<\/p>\n\n\n\n

Liza Phase 2<\/strong><\/p>\n\n\n\n

\"\"<\/a>
The Liza Unity FPSO<\/figcaption><\/figure>\n\n\n\n

Field(s): Liza<\/p>\n\n\n\n

Resource: 600 million barrels of oil<\/p>\n\n\n\n

Development wells: 33<\/p>\n\n\n\n

First Oil: February 2022<\/p>\n\n\n\n

Oil Production Capacity: 250,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 2 million barrels<\/p>\n\n\n\n

Offloading Frequency: Every 4 days<\/p>\n\n\n\n

Estimated Development Cost: US$6 billion<\/p>\n\n\n\n

Payara<\/strong><\/p>\n\n\n\n

\"\"<\/a>
The Prosperity FPSO<\/figcaption><\/figure>\n\n\n\n

Field(s): Payara, Pacora<\/p>\n\n\n\n

Resource: 600 million barrels of oil<\/p>\n\n\n\n

Development wells: 35 \u2013 45<\/p>\n\n\n\n

First Oil: November 2023<\/p>\n\n\n\n

Oil Production Capacity: 250,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 2 million barrels<\/p>\n\n\n\n

Offloading Frequency: Every 4 days<\/p>\n\n\n\n

Estimated Development Cost: US$9 billion<\/p>\n\n\n\n

Yellowtail<\/strong><\/p>\n\n\n\n

\"\"<\/a>
The hull for the Yellowtail FPSO, to be named ONE GUYANA<\/figcaption><\/figure>\n\n\n\n

Field(s): Yellowtail, Redtail<\/p>\n\n\n\n

Resource: 925 million barrels of oil<\/p>\n\n\n\n

Development wells: 45 \u2013 55<\/p>\n\n\n\n

First Oil: 2025 (Expected)<\/p>\n\n\n\n

Oil Production Capacity: 250,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 2 million barrels<\/p>\n\n\n\n

Offloading Frequency: Every 4 days<\/p>\n\n\n\n

Estimated Development Cost: US$10 billion<\/p>\n\n\n\n

Uaru<\/strong><\/p>\n\n\n\n

\"\"<\/a>
MODEC\u2019s M350 \u2013 Next Generation new build hull to be utilized for the Uaru project FPSO<\/figcaption><\/figure>\n\n\n\n

Field(s): Uaru, Mako, Snoek<\/p>\n\n\n\n

Resource: 800 million barrels of oil<\/p>\n\n\n\n

Development wells: 40 \u2013 76<\/p>\n\n\n\n

First Oil: 2026 (Expected)<\/p>\n\n\n\n

Oil Production Capacity: 250,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 2 million barrels<\/p>\n\n\n\n

Offloading Frequency: Every 4 days<\/p>\n\n\n\n

Estimated Development Cost: US$12.7 billion<\/p>\n\n\n\n

Whiptail<\/strong><\/p>\n\n\n\n

\"\"<\/a>
An SBM Offshore multi-purpose floater hull reserved by ExxonMobil for a future Guyana FPSO<\/figcaption><\/figure>\n\n\n\n

Field(s): Whiptail, Pinktail, Tilapia<\/p>\n\n\n\n

Resource: 850 million barrels of oil<\/p>\n\n\n\n

Development wells: 33 \u2013 72<\/p>\n\n\n\n

First Oil: Late 2027 \u2013 Early 2028<\/p>\n\n\n\n

Oil Production Capacity: 250,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 2 million barrels<\/p>\n\n\n\n

Offloading Frequency: Approximately every 3-6 days<\/p>\n\n\n\n

Estimated Development Cost: US$12.7 billion<\/p>\n\n\n\n

Hammerhead (Seeking approval)<\/strong><\/p>\n\n\n\n

\"\"
Named after the Hammerhead shark, Exxon\u2019s seventh Guyana project will tap its ninth Stabroek Block discovery.<\/figcaption><\/figure>\n\n\n\n

Field(s): Hammerhead<\/p>\n\n\n\n

Development wells: 14 \u2013 30<\/p>\n\n\n\n

First Oil: 2029<\/p>\n\n\n\n

Oil Production Capacity: 150,000 b\/d<\/p>\n\n\n\n

FPSO Oil Storage Capacity: 1.4 million barrels<\/p>\n\n\n\n

Longtail (Announced)<\/strong><\/p>\n\n\n\n

\"\"
Crew onboard the Liza Destiny FPSO preparing to offload crude to a tanker, at the Stabroek block, offshore Guyana.<\/figcaption><\/figure>\n\n\n\n

Field(s): Longtail<\/p>\n\n\n\n

First Oil: 2030<\/p>\n\n\n\n

Oil Production Capacity: 240,000 b\/d<\/p>\n","protected":false},"excerpt":{"rendered":"

Published by OilNOW on December 30,\u00a02024 With more than 30 discoveries made offshore Guyana, ExxonMobil has a line of sight for the addition of eight floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production reach 1.7 million barrels per day (b\/d). All projects will be located […]<\/p>\n","protected":false},"author":4,"featured_media":662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":265,"footnotes":""},"categories":[2,50],"tags":[59,67,66,68],"class_list":{"0":"post-661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-guest-content","9":"tag-fpso","10":"tag-oilandgas","11":"tag-oilnow","12":"tag-stabroek-block"},"_links":{"self":[{"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/posts\/661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/comments?post=661"}],"version-history":[{"count":3,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/posts\/661\/revisions"}],"predecessor-version":[{"id":665,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/posts\/661\/revisions\/665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/media\/662"}],"wp:attachment":[{"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/media?parent=661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/categories?post=661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/energyguyana.gy\/index.php\/wp-json\/wp\/v2\/tags?post=661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}