Published on 9 May 2024 on Zacks via Yahoo Finance
An Exxon Mobil Corporation XOM-led consortium recently announced that its Liza Unity Floating Production Storage and Offloading (FPSO) vessel has achieved peak production, pumping out an impressive 252,000 barrels per day (bbl/day) offshore Guyana, per a Reuters report.
The consortium, comprising ExxonMobil, Hess Corporation HES and CNOOC, is gearing up for further advancements, with plans to inaugurate output next year using its newest vessel, One Guyana. According to the report, Alistair Routledge, Guyana Country Manager for ExxonMobil, announced the achievement on Wednesday at the Offshore Technology Conference in Houston, underlining the consortium's commitment to harnessing the region's vast oil potential.