Exxon Starts Drilling at Offshore Guyana Projects
drilling began in May for the first of 17 wells planned for Liza Phase 1, the company said.So far, Exxon Mobil and its co-venturers have discovered more than 3.2 billion oil-equivalent barrels estimated recoverable resources on the 6.6 million acre Stabroek Block.Liam Mallon, president of ExxonMobil Development Company, said, “We are well on our way to producing oil less than five years after our first discovery, which is well ahead of the industry average for similar projects.”The company said it expects to start producing oil from these developments in 2020.The projects include the conversion
ExxonMobil's Canada Offshore Project Produces First Oil
. "The successful startup of the Hebron project demonstrates ExxonMobil's disciplined project management expertise and highlights its ability to execute large-scale energy developments safely and responsibly in challenging operating conditions," Liam Mallon, president of ExxonMobil Development Company, said in a statement. Offshore production is dwarfed by the 2.4 million barrels that comes from western Canada, but first oil from Hebron is still welcome news for the country's energy industry after foreign oil majors sold off around $23 billion in Canadian assets this year
ExxonMobil Starts Oil Production at Erha North Phase 2 Project
North field production to approximately 90,000 barrels per day. “Executing successful projects such as Erha North Phase 2 ahead of schedule and under budget results from ExxonMobil’s disciplined project management approach and expertise,” said Neil W. Duffin, president of ExxonMobil Development Company. “We are able to create additional shareholder value by optimizing existing infrastructure, which reduces capital spending requirements and improves capital efficiency.” Duffin said the ahead-of-schedule startup was supported by strong performance from Nigerian contractors
February 2024
