Hess Sanctions Liza Phase 1 Development Offshore Guyana
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Hess Sanctions Liza Phase 1 Development Offshore Guyana

  • Hess Liza Field
In June 2017, Hess sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries, located on the Stabroek Block offshore Guyana. Since then, further discoveries have been announced at Payara and Turbot. As of October 2017, gross discovered recoverable resources for the Stabroek Block are estimated to be 2.25 billion to 2.75 billion barrels of oil equivalent.

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