Guyana: Liza Phase 2 Novel Execution to Accelerate Field Development

The Liza Phase 2 Project combines a novel execution approach and forward-looking technology components to develop more complex areas of the Liza resource. The project delivers technology to optimize resource development through efficient Subsea, Umbilicals, Risers, and Flowlines (SURF) equipment designs and digital elements to enable future capabilities, such as a fiber optic cable to shore. For a new approach to Floating, Production, Storage and Offloading (FPSO) delivery, the project is partnering with SBM for the first ever use of their Fast4Ward® concept. The SBM Fast4Ward® program utilizes the Multi-Purpose Floater (MPF) hull design and provides the benefits of a new build FPSO with a reduced project development time similar to that of conversions. With almost double the SURF infrastructure as Liza Phase 1, Liza Phase 2 uses learnings and standardized SURF architecture to deliver one of the industry's largest subsea developments. Establishment of win-win partnerships with the primary contractors to achieve best overall value and strategic use of part number duplication contribute to the overall success. Based on the work of ExxonMobil proprietary reservoir modelling, infrastructure is being installed to enable Water Alternating Gas (WAG) injection for the complex development while a subsea fiber optic cable enables data to shore for optimized reservoir management and advanced facilities surveillance. The project is on track to deliver ~2 years after first oil was achieved for Liza Phase 1 by building on design replication and common methodologies where possible. Through thoughtful application of standardization, learnings, and incorporation of new technologies, the project efficiently delivers advanced capabilities to the Liza field. This also enables a "Design One, Build Multiple" (D1BM) approach for future developments in Guyana.