Payara Oil and Gas Field (Guyana)

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This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.
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Payara Oil and Gas Field is an operating oil and gas field in Guyana.

Along with Pacora Oil and Gas Field (Guyana), Payara Oil and Gas Field is a part of the Payara-Pacora complex.

Payara Oil and Gas Field is also sometimes referred to as Prosperity.

Project Details

Main Data

Table 1: Field-level project details for Payara Oil and Gas Field

1Final Investment Decision
2If a country or region is known to not produce any hydrocarbons in an unconventional method, this production type is assumed to be conventional
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type2
Payara Operating[1] ExxonMobil[2][3] ExxonMobil (45.0%); Hess Guyana Exploration Ltd (30.0%); CNOOC Nexen Petroleum Guyana Ltd (25.0%)[2] 2017[4] 2020[5] 2023[1] Conventional

Production and Reserves

Table 2: Reserves of Payara Oil and Gas Field

million m³ = million cubic meters
million bbl = million barrels of oil
million boe = million barrels of oil equivalent
Fuel description Reserves classification Quantity Units Data year Source
gas Resources 22313.46 million m³ 2021 [6]
hydrocarbons resources 600 million boe 2024 [7]
liquids Resources 563 million bbl 2021 [6]

Table 3: Production from Payara Oil and Gas Field

million bbl/y = million barrels of oil per year
million boe/y = million barrels of oil equivalent per year
Category Fuel description Quantity Units Data year Source
production hydrocarbons 80.3 million boe/y 2024 [8]
production design capacity hydrocarbons 80.3 million boe/y 2020 [9]
production design capacity hydrocarbons 80.3 million boe/y 2023 [10]
production design capacity oil 226.3 million bbl/y 2028 [11]

Location

Table 4: Field-level location details for Payara Oil and Gas Field

Concession/Block Location Onshore/Offshore Coordinates (WGS 84)
Stabroek Block[4] Offshore, Guyana[12] Offshore[13] 8.2836, -56.9535 (exact)[12]

The map below shows the exact location of the field(s) within the Payara-Pacora complex:

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Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. 1.0 1.1 https://web.archive.org/web/20240120043354/https://investor.exxonmobil.com/news-events/press-releases/detail/1153/exxonmobil-starts-production-at-third-offshore-guyana. Archived from the original on 20 January 2024. {{cite web}}: Missing or empty |title= (help)
  2. 2.0 2.1 https://web.archive.org/web/20230519133526/https://corporate.exxonmobil.com/locations/guyana. Archived from the original on 19 May 2023. {{cite web}}: Missing or empty |title= (help)
  3. https://petroleum.gov.gy/documents/payara-gold-crude-oil. {{cite web}}: Missing or empty |title= (help)
  4. 4.0 4.1 https://web.archive.org/web/20230216142708/https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview. Archived from the original on 16 February 2023. {{cite web}}: Missing or empty |title= (help)
  5. https://corporate.exxonmobil.com/news/news-releases/2020/0930_exxonmobil-to-proceed-with-payara-development-offshore-guyana. {{cite web}}: Missing or empty |title= (help)
  6. 6.0 6.1 Andrew Latham (2021) Giant fields of the decade: 2010–2020 . Report.
  7. https://petroleum.gov.gy/documents/natural-resource-fund-annual-report-2023#flipbook-df_intro_button/27/. {{cite web}}: Missing or empty |title= (help)
  8. Petroleum Management Programme. 45482 https://petroleum.gov.gy/documents/natural-resource-fund-annual-report-2023. Archived from the original on 45565. Retrieved 45565. {{cite web}}: Check date values in: |access-date=, |date=, and |archive-date= (help); Missing or empty |title= (help)
  9. https://web.archive.org/web/20230216142722/https://corporate.exxonmobil.com/news/newsroom/news-releases/2020/0930_exxonmobil-to-proceed-with-payara-development-offshore-guyana. Archived from the original on 16 February 2023. {{cite web}}: Missing or empty |title= (help)
  10. (PDF) https://web.archive.org/web/20240424003156/https://investor.exxonmobil.com/sec-filings/annual-reports/content/0001193125-24-092555/0001193125-24-092555.pdf. Archived from the original (PDF) on 24 April 2024. {{cite web}}: Missing or empty |title= (help)
  11. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/120123-infographic-guyana-oil-output-drilling-fangtooth-production. {{cite web}}: Missing or empty |title= (help)
  12. 12.0 12.1 https://web.archive.org/web/20230307040822/https://oilnow.gy/featured/exxonmobil-set-to-spud-liza-look-alike-in-first-campaign-at-guyanas-canje-block/. Archived from the original on 07 March 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  13. Natural Earth. 45078 https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-ocean/. Archived from the original on June 29, 2023. Retrieved June 29, 2023. {{cite web}}: Check date values in: |date= (help); Missing or empty |title= (help)