Name of the Project
Liza field oil development and production project.

Location
The project is located in the Stabroek block, about 193 km off the shore of Guyana.

Client
Esso Exploration & Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil.
EEPGL is the operator and holds a 45% interest in the Stabroek block. Hess Guyana Exploration holds a 30% interest, and CNOOC Nexen Petroleum Guyana holds a 25% interest.

Project Description
The Stabroek block currently comprises 26 800 km².

The Liza field has a potential recoverable resource estimate of more than one-billion oil-equivalent barrels.

Jobs to be Created
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
ExxonMobil submitted an application for a production licence and its initial development plan for the Liza field in early December 2016.

The plan, submitted to the Guyana Ministry of Natural Resources, includes development drilling; operation of the floating production, storage and offloading (FPSO) vessel; and subsea, umbilical, riser and flowline systems.

Exxon further awarded contracts to SBM Offshore for the FPSO vessel, a key step in moving the Liza field toward first production.
Under the contracts, SBM Offshore will perform front-end engineering design (Feed) for the FPSO vessel, and, subject to a final investment decision on the project in 2017, will build, install and operate the vessel.

Key Contracts and Suppliers
SBM Offshore (Feed for FPSO).

On Budget and on Time?
Not stated.

Contact Details for Project Information
ExxonMobil media relations, tel +1 832 625 4000.