Exxon produces first Liza crude

Bloomberg

Exxon Mobil Corp and its partners produced the first commercial crude from Guyana, setting the small South American nation on a path to potentially vast flows of oil revenues.
Output from the first phase of the offshore Liza field is expected to reach full capacity of 120,000 gross barrels of oil per day in coming months, with the first cargo to be sold within several weeks, the companies.
Exxon has a 45% share in the Guyana project, while Hess Corp has 30% and China’s CNOOC Ltd 25%. Exxon and Hess also reported a new discovery at their Mako-1 well, which, along with Liza, is located in the Stabroek block.
Guyana President David Granger declared December 20 “National Petroleum Day.”