Management Address July 2019

In other Liza Phase 1 news, all major subsea structures have been installed, and pipelay activities are in progress. We have seen great collaboration and teamwork between our ExxonMobil and contractor teams to ensure that each group gets access to the drill centers as needed.

Simultaneous Operations (SIMOPS), when two or more different activities need to occur in close proximity to each other at the same time, is challenging to manage for any offshore project. A One Team attitude from each group impacted has let us successfully avoid downtime during this extremely active period.

The Liza Phase 2 development has received government and regulatory approvals, and we announced project funding on May 3. A few weeks later, on May 24, topsides module fabrication began at Dyna-Mac in Singapore, marked by a strike steel ceremony.

On June 8, the multi-purpose floater (MPF) hull for the Liza Unity FPSO launched from dry dock to be delivered to the Shanghai Waigaoqiao Shipbuilding Co. (SWS) shipyard. The four production manifolds have completed structural fabrication, and linepipe manufacturing is about 75 percent complete.

Payara is the next upcoming project in the Guyana venture and is slated to deliver the third FPSO to Guyana. The Payara team has made significant efforts to progress early engineering and execution planning.

The Centre for Local Business Development (CLBD) in Georgetown continues to pursue new opportunities for outreach to businesses across Guyana. The Centre staff have now held in-personal educational seminars in eight of Guyana’s 10 regions and plan to reach the last two regions by the end of this year.

You can also read about a new program they are rolling out soon that will allow anyone in Guyana with internet access to learn about the offshore oil and gas industry.

A common theme you may notice in many of the updates this quarter is a commitment to safety, security, health and environment (SSHE) principles. From training programs and stand-down meetings to reaching one million hours of work by the teams working offshore installation activities without a lost time incident (LTI), we are proud and happy to see how the full Guyana projects team is adhering to the Nobody Gets Hurt vision even as activities are moving forward at a rapid pace.