Production from Three Major Oil Developments, Offshore Guyana
Startup of production from the first phase of development of the Liza Field, offshore Guyana, was achieved in December 2019 – less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. The Liza Phase 1 development utilizes the Liza Destiny floating production, storage and offloading (FPSO) vessel. The Liza Phase 2 development, sanctioned in May 2019, achieved first production in February 2022 utilizing the Liza Unity FPSO. The third development at the Payara Field was sanctioned in September 2020 and achieved first production in November 2023 utilizing the Prosperity FPSO, which added 220,000 gross barrels of oil per day of production capacity to the Stabroek Block.