Exxon Guyana

With government approvals in hand, ExxonMobil and its partners have pulled the trigger to move forward with the Payara field offshore Guyana in the estimable Stabroek Block.

Payara, the third project in the abundant region, is estimated to cost $9 billion and is designed to produce up to 220,000 b/d. The project is set to ramp up in 2024 using the Prosperity floating production, storage and offloading (FPSO) vessel.

The development would target an estimated resource base of about 600 million boe. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells. 

“ExxonMobil is committed to building on the capabilities from our Liza Phase 1 and 2 offshore oil developments as we sanction the Payara field and responsibly develop...