BABC: Liza Field, Guyana: The Finding of a Stratigraphic Giant, from Early Exploration to Production

A Journey of Discovery: From Concept to Discovery to Value

In 2015, ExxonMobil and partners, Hess Guyana Exploration Limited and CNOOC Nexen Petroleum Guyana Limited (now CNOOC Petroleum Guyana Limited), drilled the Liza-1 wildcat well on the Stabroek Block, located offshore Guyana, in approximately 1750 m (5700 ft) of water depth and encountered more than 90 m (300 ft) of high-quality, oil-bearing sandstone reservoirs. Perhaps most notably, this discovery was in a basin that previously had greater than 40 dry holes testing at least four different play types. After the Liza-1 discovery, field development plans were fast-tracked and first oil was delivered in late 2019, ahead of the original schedule. Furthermore, as of October 2021 and after 20 additional discoveries, ExxonMobil estimates the discovered recoverable resource for the offshore Guyana Stabroek Block to be approximately 10 billion oil-equivalent barrels.

Join Linda Price, Senior Principal at ExxonMobil as she takes us through a fascinating journey from early exploration to production. Linda will cover the challenges, risks and rewards of complex value chains and will share how the energy industry economic landscape of Guyana has been transformed by the early investment risk and subsequent discoveries. 

BABC Members – Complimentary

Guests – $15

Sign up here. A Zoom link will be sent to registered participants before the event.