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December 3, 2021

Liza Phase 1 Conventional Oil Field, Guyana

By Carmen

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 China National Offshore Oil, Hess and Exxon Mobil.


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 2021. The peak production was approximately 112.62 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 0.08% 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.

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