ExxonMobil sanctions $4.4bn Liza development, offshore Guyana

June 16, 2017

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American multinational oil and gas corporation has made a construction decision for the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana.
The Irving, Texas-based company said on Friday that the Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading (FPSO) vessel designed to produce up to 120 000 bbl/d of oil.

Category: General