Liza Phase 1 Conventional Oil Field, Guyana
Liza Phase 1 is a producing conventional oil field located in ultra-deepwater in Guyana and is operated by Esso Exploration and Production Guyana. The field is located in block Stabroek, with water depth of 5,719 feet.
Field participation details
The field is owned by Exxon Mobil, China National Offshore Oil and Hess.
Production from Liza Phase 1
The Liza Phase 1 conventional oil field recovered 5.60% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 106.57 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 100% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 409.53 Mmboe, comprised of 409.53 Mmbbl of crude oil & condensate. Liza Phase 1 conventional oil field reserves accounts 0.09% of total remaining reserves of producing conventional oil fields globally.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.