First Oil on Stabroek Block, 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. Esso E&P Guyana Ltd is the operator and has a 45 percent working interest, while Hess Guyana Exploration Ltd has 30 percent interest and CNOOC Petroleum Guyana Limited has 25 percent interest.