As the first FPSO destined for the development of Guyana’s recently discovered oil riches is expected to set sail from Singapore, Exxon is preparing to sanction two more developments this year.
Hess, Exxon’s partner in the vast Stabroek block off Guyana, said on Thursday that installation of topside modules on the Liza Destiny FPSO was complete, and commissioning activities were underway.
The Liza Destiny FPSO will be the first FPSO in the Stabroek block where Exxon has made 13 oil discoveries since 2015. The FPSO, set for to sail away soon, is slated to arrive in Guyana in the third quarter of 2019. It is expected to start producing up to 120,000 gross bopd by the first quarter of 2020. The first phase is expected to develop around 500 million barrels of oil.