Timeline of Exxon’s oil development projects in Guyana
Feb 9, 2023 12:54:45 GMT -5
bjspokanimal likes this
Post by Blitz on Feb 9, 2023 12:54:45 GMT -5
I bolded development wells. If it takes 60 days to drill a deepwater well, a 36 well project for one drillship would take 6 years to drills all the wells. If they want production by 2025 it likes like they are going to need more drillships to make the holes.
And now this...
A timeline of Exxon’s oil development projects in Guyana
By OilNOW - February 9, 2023
oilnow.gy/featured/a-timeline-of-exxonmobils-guyana-oil-development-projects/
![](https://oilnow.gy/wp-content/uploads/2022/12/Guyana.jpg)
The Stabroek Block offshore Guyana is proven to hold around 11 billion barrels of oil-equivalent
With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding 1.2 million barrels per day (bpd).
All projects are to be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.
Liza Phase 1
![](https://oilnow.gy/wp-content/uploads/2022/07/Liza-Destiny-Edited-1920x1108.jpg)
The Liza Destiny FPSO
Field(s): Liza
Resource: 450 million barrels of oil equivalent
Development wells: 17
First Oil: December 2019
Oil Production Capacity: 150,000 bpd
FPSO Oil Storage Capacity: 1.6 million barrels
Offloading Frequency: Every 5 – 10 days
Estimated Development Cost: US$3.6 billion
Liza Phase 2
![](https://oilnow.gy/wp-content/uploads/2022/01/51421840378_0de45827ea_o-scaled-1-1920x1102.jpg)
The Liza Unity FPSO
Field(s): Liza
Resource: 600 million barrels of oil equivalent
Development wells: 33
First Oil: February 2022
Oil Production Capacity: 230,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$6 billion
Payara
![](https://oilnow.gy/wp-content/uploads/2023/02/Prosperity-1920x1280.jpeg)
The Prosperity FPSO
Field(s): Payara, Pacora
Resource: 600 million barrels of oil equivalent
Development wells: 35 – 45
First Oil: 2023 (Expected)
Oil Production Capacity: 220,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$9 billion
Yellowtail
![](https://oilnow.gy/wp-content/uploads/2022/04/Screenshot-2022-04-28-063608.jpg)
The hull for the Yellowtail FPSO, to be named ONE GUYANA
Field(s): Yellowtail, Redtail
Resource: 925 million barrels of oil equivalent
Development wells: 45 – 55
First Oil: 2025 (Expected)
Oil Production Capacity: 250,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$10 billion
Uaru
![](https://oilnow.gy/wp-content/uploads/2022/11/img_m350_w.jpg)
MODEC’s M350 – Next Generation new build hull to be utilised for the Uaru project FPSO
Field(s): Uaru, Mako, Snoek
Resource: ~1.3 billion barrels of oil equivalent
Development wells: 40 – 76
First Oil: 2026 (Expected)
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$12.7 billion
Whiptail
![](https://oilnow.gy/wp-content/uploads/2022/11/Screenshot-2022-11-09-072726.jpg)
An SBM Offshore multi-purpose floater hull reserved by ExxonMobil for a future Guyana FPSO
Field(s): Whiptail, Pinktail, Tilapia
Resource: ~1 billion barrels of oil equivalent
Development wells: 40 – 65
First Oil: Late 2027 – Early 2028
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Approximately every 3-6 days
Estimated Development Cost: TBA
And now this...
A timeline of Exxon’s oil development projects in Guyana
By OilNOW - February 9, 2023
oilnow.gy/featured/a-timeline-of-exxonmobils-guyana-oil-development-projects/
![](https://oilnow.gy/wp-content/uploads/2022/12/Guyana.jpg)
The Stabroek Block offshore Guyana is proven to hold around 11 billion barrels of oil-equivalent
With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding 1.2 million barrels per day (bpd).
All projects are to be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.
Liza Phase 1
![](https://oilnow.gy/wp-content/uploads/2022/07/Liza-Destiny-Edited-1920x1108.jpg)
The Liza Destiny FPSO
Field(s): Liza
Resource: 450 million barrels of oil equivalent
Development wells: 17
First Oil: December 2019
Oil Production Capacity: 150,000 bpd
FPSO Oil Storage Capacity: 1.6 million barrels
Offloading Frequency: Every 5 – 10 days
Estimated Development Cost: US$3.6 billion
Liza Phase 2
![](https://oilnow.gy/wp-content/uploads/2022/01/51421840378_0de45827ea_o-scaled-1-1920x1102.jpg)
The Liza Unity FPSO
Field(s): Liza
Resource: 600 million barrels of oil equivalent
Development wells: 33
First Oil: February 2022
Oil Production Capacity: 230,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$6 billion
Payara
![](https://oilnow.gy/wp-content/uploads/2023/02/Prosperity-1920x1280.jpeg)
The Prosperity FPSO
Field(s): Payara, Pacora
Resource: 600 million barrels of oil equivalent
Development wells: 35 – 45
First Oil: 2023 (Expected)
Oil Production Capacity: 220,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$9 billion
Yellowtail
![](https://oilnow.gy/wp-content/uploads/2022/04/Screenshot-2022-04-28-063608.jpg)
The hull for the Yellowtail FPSO, to be named ONE GUYANA
Field(s): Yellowtail, Redtail
Resource: 925 million barrels of oil equivalent
Development wells: 45 – 55
First Oil: 2025 (Expected)
Oil Production Capacity: 250,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$10 billion
Uaru
![](https://oilnow.gy/wp-content/uploads/2022/11/img_m350_w.jpg)
MODEC’s M350 – Next Generation new build hull to be utilised for the Uaru project FPSO
Field(s): Uaru, Mako, Snoek
Resource: ~1.3 billion barrels of oil equivalent
Development wells: 40 – 76
First Oil: 2026 (Expected)
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Every 4 days
Estimated Development Cost: US$12.7 billion
Whiptail
![](https://oilnow.gy/wp-content/uploads/2022/11/Screenshot-2022-11-09-072726.jpg)
An SBM Offshore multi-purpose floater hull reserved by ExxonMobil for a future Guyana FPSO
Field(s): Whiptail, Pinktail, Tilapia
Resource: ~1 billion barrels of oil equivalent
Development wells: 40 – 65
First Oil: Late 2027 – Early 2028
Oil Production Capacity: 220,000 – 275,000 bpd
FPSO Oil Storage Capacity: 2 million barrels
Offloading Frequency: Approximately every 3-6 days
Estimated Development Cost: TBA