Liza Phase 1 is a producing conventional oil field located in ultra-deepwater in Guyana and is operated by Esso Exploration and Production Guyana. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Stabroek, with water depth of 5,719 feet. Buy the profile here.
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Field participation details
The field is owned by China National Offshore Oil, Exxon Mobil and Hess.
Production from Liza Phase 1
The Liza Phase 1 conventional oil field recovered 33.24% of its total recoverable reserves, with peak production expected in 2024. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 36% of the country’s daily output.
About Esso Exploration and Production Guyana
Esso Exploration and Production Guyana Ltd. (Esso Exploration and Production Guyana) is a company that explore and produce oil and gas products. The company is headquartered in Guyana.
For more details on the Liza Phase 1 Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
