At a time when oil prices are surging and global supply is struggling to meet fast recovering energy demand, ExxonMobil and its partners have added 220,000 b/d oil production capacity to their offshore Guyana project.

Production has begun at the second offshore oil development at the prolific Stabroek block. The Liza Phase 2 development is expected to increase total production capacity to more than 340,000 b/d. The first offshore project, Liza Phase 1, began production in late 2019.

“We are collaborating closely with the government and people of Guyana to develop this world-class resource responsibly, helping to meet the world’s energy needs and delivering enhanced value for all stakeholders at a record pace and well ahead of the industry average,” said ExxonMobil’s Liam...