Page 9 - LatAmOil Week 06 2022

LatAmOil GUYANA LatAmOil

The Liza Unity FPSO arrived in Guyanese waters last October (Photo: SBM Offshore)

Liza Unity hook-up nearly complete

EXXONMOBIL (US) and its partners in the Payara field, including 20 production wells and
Stabroek offshore block have reportedly finished 21 gas-injection wells. The production wells
about 66% of all preparations for commercial will transfer crude oil to the Prosperity FPSO,
operations at Payara, the third oilfield slated for which will be capable of handling up to 220,000
development at the Guyanese licence area. barrels per day (bpd). The total cost of executing
Greg Hill, the COO of ExxonMobil’s the project, which will tap into a resource base
non-operating partner Hess (US), said during a believed to hold 600mn barrels of oil, has been
fourth-quarter earnings call last week that work estimated at $9bn.
on the project was proceeding on or ahead of Payara will be the third development target
schedule on all fronts. The partners’ contractor at Stabroek. The first target, Liza-1, came online
has already completed the hull for the Prosperity, in December 2019 and is currently producing at
the floating production, storage and off-loading the rate of about 120,000 bpd. The second, Liza-
(FPSO) unit that will be installed at Payara, he 2, is slated to start production next month and
said, and is continuing to build topside modules will eventually yield 220,000 bpd. ExxonMobil
for the vessel in Singapore. The FPSO is still on and its partners have installed the Liza Destiny
track to be finished in time to bring the field on FPSO at Liza-1 and have already deployed the
stream in 2024 as planned, he stated. Liza Unity FPSO at Liza-2.
Hill further went on to say that work on the The group will also use an FPSO to develop
subsea umbilicals, risers and flowlines (SURF) Yellowtail, their fourth development target,
system was actually ahead of schedule. He did along with other additional fields. They may
not elaborate but reported that the partners eventually be operating a fleet capable of han-
expected installation work to move forward dling 1mn bpd, as Stabroek is home to more
later this year. than 20 fields with commercial hydrocarbon
ExxonMobil has said it intends to drill up reserves and holds more than 10bn barrels of oil
to 41 wells in 1,800-metre-deep water at the equivalent (boe) in total. ™

Bayphase to perform Yellowtail FDP review

GUYANA’S government has named Bayphase contract award on February 8. They noted that
Ltd, a UK-based consultancy, as the winner of a Bayphase had beaten 11 other competitors in
contest for the right to review and evaluate the the tender, which closed on January 20, after
$9bn field development plan (FDP) for Yellow- submitting the second-lowest offer of $423,360.
tail, the fourth oilfield that ExxonMobil (US) The officials did not say why the UK-based
and its partners are targeting at the Stabroek consultancy had been chosen instead of the low-
offshore block. est bidder – Australia’s Neon-Blu, which offered
Officials in Georgetown announced the to perform the review for $394,592.

Week 06 10•February•2022 www. NEWSBASE .com P9