Following the granting of a production licence by government here, ExxonMobil yesterday announced that it has made a final investment decision to proceed with the first phase of development for the Liza field at a cost of US$4.4B.
“We’re excited about the tremendous potential of the Liza field and accelerating first production through a phase’s development in this lower cost environment,” a release from the company quotes its President Liam Mallon as saying.
“We will work closely with the government and co-venturers and the Guyanese people in developing this world class resource that will have long-term and meaningful benefits for the country and its citizens,” he added.
Among other things, the US$4.4B caters for a FPSO facility which is
