Independent energy company Hess recently announced it will soon commence production from the Liza Phase 2 development on the Stabroek Block offshore Guyana.
Work will be completed by utilizing the Liza Unity floating production, storage and offloading vessel (FPSO), according to a Feb. 11 press release.
Production capacity is expected to hit 220,000 gross barrels of oil per day as operations permit, the release stated.
"We are proud to be a partner in the successful development of this world class oil resource and congratulate ExxonMobil as operator for outstanding project execution," Hess CEO, John Hess, said in the release. "We look forward to continuing to work with the government and the people of Guyana to realize the remarkable potential of the Stabroek Block for the benefit for all stakeholders. The world will need these low-cost oil resources to meet future energy demand and help ensure an affordable, just and secure energy transition."
The Liza Unity arrived in Guyana in October 2021 after it was constructed in China and Singapore, according to the release. It will be able to store approximately 2 million barrels of crude oil.
Designed with sustainability in mind, the Liza Unity is the first FPSO to be awarded the SUSTAIN-1 notation by the American Bureau of Shipping (ABS), the release stated. At least six FPSOs are scheduled to be operational on the Stabroek Block by 2027.