Exploration & Production

Exxon starts drilling in Liza project off Guyana

ExxonMobil started development drilling in May for the first of 17 wells planned for Phase 1 of the Liza project offshore Guyana, the company said on Tuesday.
By Staff reporter 13 June 2018 0 31290

ExxonMobil started development drilling in May for the first of 17 wells planned for Phase 1 of the Liza project offshore Guyana, the company said on Tuesday.

The company and its partners have so far discovered estimated recoverable resources of more than 3.2 billion barrels of oil equivalent in the Stabroek Block.

“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,” said...