Liza Field, Guyana: The Finding of a Stratigraphic Giant, from Early Exploration to Production
About this event
A Journey of Discovery: From Concept to Discovery to Value
In 2015, ExxonMobil and partners, Hess Guyana Exploration Limited and CNOOC Nexen Petroleum Guyana Limited (now CNOOC Petroleum Guyana Limited), drilled the Liza-1 wildcat well on the Stabroek Block, located offshore Guyana, in approximately 1750 m (5700 ft) of water depth and encountered more than 90 m (300 ft) of high-quality, oil-bearing sandstone reservoirs. Perhaps most notably, this discovery was in a basin that previously had greater than 40 dry holes testing at least four different play types. After the Liza-1 discovery, field development plans were fast-tracked and first oil was delivered in late 2019, ahead of the original schedule. Furthermore, as of October 2021 and after 20 additional discoveries, ExxonMobil estimates the discovered recoverable resource for the offshore Guyana Stabroek Block to be approximately 10 billion oil-equivalent barrels.
The EIC is honored to partner with the BABC TX for their webinar, hosted by ExxonMobil. Join Linda Price and John Ardill for a fascinating talk: "Liza Field, Guyana: The Finding of a Stratigraphic Giant".