more
news

From the Field

offshore, exploration, exxonmobil, mozambique

ExxonMobil approves $9-bln Guyana project

GEORGETOWN, October 1, 2020 – ExxonMobil has taken a USD 9-billion FID on Guyana’s Payara offshore oilfield development, the company announced late on Wednesday.

The project is expected to deliver 220,000 bopd, with first oil expected in 2024.

Part of the super-major’s prolific Stabroek block, the Payara discovery was announced in January 2017. Its resources have been estimated at 600 million boe.

The project will involve drilling as many as 41 wells, with 20 production wells and 21 injection wells planned.

 

Contract awards

After ExxonMobil unveiled the FID news, two companies confirmed related contract awards.

The subsea order went to TechnipFMC, which will manufacture and deliver the subsea production system.

SBM Offshore confirmed it will supply the FPSO Liza Prosperity, currently under construction, to exploit the discovery.

 

Stay Informed