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Guyana to grant oil production license to Exxon ahead of Liza FID

Guyana is set to grant a production license to ExxonMobil for production of oil to move ahead in 2020.

This follows reviews of the technical and environmental aspects of the giant Liza oil discovery in the Stabroek Block offshore Guyana. Exxon submitted the development plan for the Liza project in December 2016. The Liza project is estimated to hold an excess of 1 billion oil-equivalent barrels.

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