Houston Chronicle 12/23/2019
Exxon Mobil began commercial production in Guyana as the Texas energy major announced its 15th discovery in the prolific oil fields off coast of the small South American country.
Exxon and its partners, Hess Corp. of New York and the Chinese oil company CNOOC, are beginning production about three months ahead of schedule. Output from the first phase of the development of the offshore field known as Liza is expected to reach 120,000 gross barrels a day in the coming months. The first cargoes of crude are expected to be sold in coming weeks, the companies said.
Exxon owns 45 percent of the Guyana project, Hess 30 percent and CNOOC Ltd. 25 percent. The discovery and production of oil has the potential to transform Guyana, a poor country of about 800,000 people on the northeast coast of South America, next to Venezuela.
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https://www.houstonchronicle.com/business/energy/article/Exxon-begins-commercial-production-in-Guyana-as-14928720.php
