ExxonMobil is now firmly established in Guyana and operates offices in Georgetown. The Government of Guyana issued the production license for the first development Liza Phase 1 in June 2017 and first oil is expected no later than 2020.
Drilling continues to yield positive results. Pluma is the latest and tenth oil discovery in the Stabroek Block since Liza in May 2015, when ExxonMobil announced that first significant discovery. Exploration continues. The Stabroek Block is 6.6 million acres (26,800 square kilometres) and located approximately 120 miles (193 kilometres) offshore Guyana. The Liza, Payara, Liza deep, Snoek, Turbot, Ranger, Pacora, Longtail, Hammerhead and Pluma discoveries are located in the Stabroek Block.
ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) operates offices in Georgetown. The current staff of the Guyana Affiliate office is 65, 55 percent being Guyanese. That is expected to increase by the year 2020 with an increase in Guyanese staff. Consistent with its commitment to corporate citizenship EEPGL has established a Centre for Local Business Development to upgrade skills of small and medium sized businesses, and increase their readiness to provide competent local content ahead of first oil.
EEPGL is operator of the Stabroek Block, holding a 45 percent interest, Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.
The Canje Block is located offshore Guyana east of the Stabroek Block, 3-D seismic data was collected in 2016. EEPGL is the operator and holds 35 percent interest, JHI holds 40 percent interest and Mid-Atlantic holds 25 percent interest.
The Kaieteur Block is located offshore Guyana to the north and adjacent to the Stabroek and Canje blocks, approximately 250 kilometers offshore in ultra-deep water, 3-D seismic survey was completed in 2017. EEPGL is the operator and holds 50 percent interest, Ratio Energy Limited holds 25 percent interest and Ratio Guyana Limited holds 25 percent interest.Learn more about Guyana