-says Guyana’s deepwater developments `most successful’ in the world
Marking five years of oil production here today, ExxonMobil yesterday said that “it is an achievement that underscores the transformative potential of the country’s growing energy sector.”
The release noted that since “first oil” at the offshore Liza Phase 1 project five years ago, production has grown to position Guyana as the third largest per-capita oil producer in the world. “The oil & gas sector has spurred tremendous economic growth in Guyana, helping to elevate the country to one of the fastest-growing economies globally.”
It added that ExxonMobil Guyana’s deepwater developments are the most successful in the world, detailing that in five years, the company has started up three complex offshore mega-projects on schedule and on budget, while simultaneously advancing plans for five additional projects by the end of the decade. Production capacity in Guyana, the release disclosed, is expected to surpass 1.7 million barrels per day, with gross production growing to 1.3 million barrels per day, by 2030.
