Chairman and Chief Executive Officer of ExxonMobil Corporation, Darren Woods has described Guyana’s new oil producer status as nothing short of a historic milestone. In a statement to the press, the official said that the occasion is also which demonstrates his company’s commitment to safety, quality, and leadership in project execution.
“We are proud of our work with the Guyanese people and government to realize our shared long-term vision of responsible resource development that maximizes benefits for all,” the CEO said.
It was also noted in his statement to the press that the concept design for the Liza Phase One development project, from which Guyana will producing first oil, features the Liza Destiny floating, production, storage and offloading (FPSO) vessel moored 190 kilometers offshore Guyana, and four subsea drill centers supporting 17 wells.
Guyana Standard understands that approximately 1,700 of ExxonMobil’s employees and other workers supporting its activities in Guyana are Guyanese. In fact, more than 50 percent of the total workforce is local. Woods articulated that this number will continue to grow as additional operations progress.
It was further noted that ExxonMobil and its direct contractors have spent approximately US$180 million with more than 630 local suppliers since the first discovery in 2015.
A second FPSO, Liza Unity, with a capacity to produce up to 220,000 barrels of oil per day is under construction to support the Liza Phase 2 development, and front-end engineering design is underway for a potential third FPSO, the Prosperity, to develop the Payara field upon government and regulatory approvals.
This news agency understands that ExxonMobil anticipates that by 2025 at least five FPSOs will be producing more than 750,000 barrels per day from the Stabroek Block. Woods was keen to note that the timely development of these additional projects will ensure that the local workforce and the utilization of local suppliers will continue to grow.