Payara, an ultra-deepwater conventional oil development, is positioned in the heart of Guyana. The operation of this massive venture is in the capable hands of Esso Exploration and Production Guyana, a renowned establishment leading breakthroughs in the field. This pivotal project harnesses the immense potential of the region to push the boundaries of deep-sea oil extraction.
1. Payara is an ultra-deepwater conventional oil development located in the heart of Guyana, operated by Esso Exploration and Production Guyana.
2. Esso Exploration and Production Guyana is an establishment known for leading breakthroughs in oil extraction.
3. The Payara development drill site is located in the Stabroek Block, which spans across 26,800 square kilometers, making it one of the largest offshore oil blocks in the world.
4. The operator of Stabroek Block, Esso Exploration and Production Guyana, is a subsidiary of ExxonMobil, one of the world's top oil and gas companies.
5. The operation highlights significant investment into tapping the potential resources hidden underneath Guyana's deep waters.
Payara is expected to produce up to 220,000 barrels of oil per day at full capacity.
The Payara development drill site can be found in the Stabroek Block, which covers an astounding area of 26,800 square kilometers. This mammoth size makes it one of the largest offshore oil blocks globally, truly a testament to the astonishing potential of the region. The operator, Esso Exploration and Production Guyana, is a subsidiary of ExxonMobil, one of the world's top oil and gas companies. This whole operation goes to show the significant investment being made into harnessing the promising resources hidden beneath Guyana's ultra-deep waters.