Media & Resources

The Liza-1 well in the Stabroek Block offshore Guyana is pumping oil at a rate of 120,000 barrels per day, Exxon has announced, in a belated achievement of its target for the well.

Argus quoted Exxon Guyana president Alistair Routledge as saying, “We are disappointed by the number of equipment issues experienced and that, because of these issues and Covid-19, commissioning of the gas injection system took longer than originally projected.” It added the 120,000-bpd milestone was supposed to be reached a year ago.

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