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November 23, 2021updated 27 Apr 2022 12:33pm

Liza Phase 2 Conventional Oil Field, Guyana

By Carmen

Liza Phase 2 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 6,234 feet.

Field participation details

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


Production from Liza Phase 2

The Liza Phase 2 conventional oil field with peak production expected in 2024. The peak production will approximately 214.84 thousand bpd of crude oil and condensate and 62 Mmcfd of natural gas. Based on economic assumptions, 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. Liza Phase 2 conventional oil field reserves accounts 0.15% 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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