Infill Thinking Lifting the O&G knowledge curve
On ExxonMobil’s conference call Friday, we will be listening for talking points on two key development areas in particular: the Permian Basin and the deepwater Liza development offshore Guyana.
The Liza development is especially important as it is one of the first major deepwater projects that is moving forward since the downturn. After announcing another discovery nearby in March, Exxon is expected to take FID and sanction the first phase of the Liza project by mid-2017.
Exxon’s commentary will be closely watched, but already this week TechnipFMC (equipment supplier) and Hess (non-operator partner) broke the seal on big Liza news. Their commentary suggests this is one deepwater development project that could be fast-tracked.
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