ExxonMobil drilling heralds oil era in Guyana
Keen to add to its production base, ExxonMobil hopes to have the oil flowing from offshore Guyana within two years
It's not yet certain whether the tiny Caribbean state of Guyana is in good shape to handle the revolutionary economic and social impact of a multi-billion-dollar oil industry, but we are about to find out. ExxonMobil has announced that drilling started in May on the first development well for the Liza Phase 1 offshore project—the first of 17 production wells planned for this phase. That programme is expected to result in the start of production in 2020 via a floating production, storage and offloading vessel (FPSO) called Liza Destiny. The FPSO, now being converted from an oil tanker, is expected to have a capacity of 120,000 barrels a day (b/d) of oil. Another FPSO with a capacity of 220,00
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