Controversial flaring from the Liza-1 oil well will likely continue until the end of this year as Hess – one of the partners in the offshore operations – announced that Guyana’s maximum 120,000 barrels per day production output will not be achieved until December.
Problems with the commissioning system on the Liza Destiny Floating, Production, Storage and Offloading (FPSO) platform continue even as the company also confirmed potential for some 10 FPSOs in the Stabroek Block area, for which it has upped recoverable resources to approximately 9B barrels with appraisals for some wells still to be completed and exploration continuing.
“In the third quarter, gross production from Liza Phase 1 averaged 63,000 barrels of oil per day or 19,000 barrels of oil per day net to Hess. Ongoing work to complete commissioning of the natural gas injection system continues, and once complete will enable the Liza Destiny floating production, storage and offloading vessel or FPSO to reach its nameplate capacity of 120,000 gross barrels of oil per day in December,” Hess’ Chief Operations Officer Greg Hill told the company’s third quarter earnings call this week.
