Guyana Hits New Milestones

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First oil has begun flowing ahead of schedule from the Stabroek block offshore Guyana, a milestone from one of the world’s most promising basins.

Read full story on JPT: https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6421

The production occurred fewer than 5 years after the first discovery of hydrocarbons and underscores Guyana’s emergence as a major oil producer. Output from the first phase of the Liza field soon will reach 120,000 B/D, with the first cargo of oil set to be sold early in 2020, according to operator ExxonMobil.

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