With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding 1.2 million barrels per day (bpd).
All projects are to be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.
Liza Phase 1
Field(s): Liza
Resource: 450 million barrels of oil equivalent
Development wells: 17
First Oil: December 2019
Oil Production Capacity: 150,000 bpd
FPSO Oil Storage Capacity: 1.6 million barrels
Offloading Frequency: Every 5 – 10 days
Estimated Development Cost: US$3.6 billion
Liza Phase 2
Field(s): Liza
Resource: 600 million barrels of oil equivalent
Development wells: 33
First Oil: February 2022
Oil Production Capacity: 230,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$6 billion
Payara
Field(s): Payara, Pacora
Resource: 600 million barrels of oil equivalent
Development wells: 35 – 45
First Oil: 2023 (Expected)
Oil Production Capacity: 220,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$9 billion
Yellowtail
Field(s): Yellowtail, Redtail
Resource: 925 million barrels of oil equivalent
Development wells: 45 – 55
First Oil: 2025 (Expected)
Oil Production Capacity: 250,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$10 billion
Uaru
Field(s): Uaru, Mako, Snoek
Resource: ~1.3 billion barrels of oil equivalent
Development wells: 40 – 76
First Oil: 2026 (Expected)
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$12.7 billion
Whiptail
Field(s): Whiptail, Pinktail, Tilapia
Resource: ~1 billion barrels of oil equivalent
Development wells: 40 – 65
First Oil: Late 2027 – Early 2028
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Approximately every 3-6 days
Estimated Development Cost: TBA