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November 23, 2021

Liza Phase 2 Conventional Oil Field, Guyana

By Carmen

Liza Phase 2 is a conventional oil development located in ultra-deepwater in Guyana and is operated by Esso Exploration and Production Guyana. Liza Phase 2 lies in block Stabroek, with water depth of around 6,234 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $6,000 m. The Liza Phase 2 conventional oil development will involve the drilling of approximately 30 wells and includes FPSO, subsea manifold, and subsea trees.

Field participation details

The field is owned by China National Offshore Oil, Exxon Mobil and Hess.


Production from Liza Phase 2

Production from the Liza Phase 2 conventional oil development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 214,836 bpd of crude oil and condensate and 62 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2043.


Remaining recoverable reserves

The field is expected to recover 682.97 Mmboe, comprised of 651.8 Mmbbl of crude oil & condensate and 187.07 bcf of natural gas reserves.


Contractors involved in the Liza Phase 2 conventional oil field

Some of the key contractors involved in the Liza Phase 2 project as follows.

Design/FEED Engineering: SBM Offshore

Main EPC: Eni

EPC Contractors: China State Shipbuilding, SBM Offshore and Veolia Environnement

Other Contractors: Bayphase, Crondall Energy Consultants, GMC Inspection Services, KNM Group and Lankhorst Ropes

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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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