Very usefull links


News links




Dow Jones

Oil price



Views and News





Local content is priority for ExxonMobil's Guyana Liza oil development offshore




By Petroleumworld (PW)

Petroleumworld 06 13 2018

Drilling started last month on the first of 17 wells planned for the Liza Phase 1 project offshore Guyana , according to operator ExxonMobil's latest progress report.

The company expects first production in 2020, and estimates recoverable resources discovered to date across the Stabroek block at more than 3.2 Bboe.

Liam Mallon, president of ExxonMobil Development Co., said: “We are well on our way to producing oil less than five years after our first discovery, which is well ahead of the industry average for similar projects.”

The Liza development and future projects would provide significant economic benefits to Guyana , he added, with Liza generating more than $7 billion in royalty and profit oil revenues for the country.

Phase 1 involves the conversion of an oil tanker into the FPSO Liza Destiny , and installation of four subsea drill centers with 17 production wells. Construction of the FPSO and subsea equipment is under way in over a dozen countries.

The Liza Destiny will have a production capacity of 120,000 b/d of oil. A second FPSO with a capacity of 220,000 b/d is planned for Liza Phase 2, and a third is under consideration for the Payara field . Together, these three developments will produce more than 500,000 b/d.

“Our focus is on enabling local workforce and supplier development, and collaborating with the government to support the growth and success of Guyana's new energy industry,” Mallon added.

Around 50% of the company's employees, contractors, and subcontractors for the project are Guyanese, with the percentage growing further as operations progress. ExxonMobil spent roughly $24 million with more than 300 local suppliers in 2017, and opened the Centre for Local Business Development in Georgetown to promote the establishment and growth of small- and medium-sized local businesses.

To date the center has provided access to training and capacity-building support for more than 275 local businesses.

Source: ExxonMobil


Twitter: @petroleumworld1

Hit your target - Advertise with Us

Story from Petroleumworld
06 13 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter











Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.