Payara Oil and Gas Field (Guyana)

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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 Oil and Gas Project (Guyana).

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
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Payara operating[1] ExxonMobil Guyana[2] ExxonMobil Guyana Ltd [45%]; Hess Guyana Exploration Ltd [30%]; CNOOC Petroleum Guyana Ltd [25%][2][2][2] 2017[3] 2020[4] 2023[5] 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 22313.8 million m³ 2021 ​[6]
hydrocarbons resources 600.0 million boe 2024 ​[7][8]
liquids Resources 563.0 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 ​[7]
production design capacity hydrocarbons 80.3 million boe/y 2020 ​[9]
production design capacity oil 226.3 million bbl/y 2028 ​[10][11]

Location

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

Concession/Block Location Onshore/Offshore Coordinates (WGS 84)
Stabroek Block[3] offshore, Guyana[12][13] offshore[14] 8.2416, -56.9549 (exact)[12][13]

The map below shows the exact location of Payara Oil and Gas Field:

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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. ↑ https://www.hartenergy.com/exclusives/exxons-payara-hits-220000-bbld-ceiling-just-three-months-208037/. {{cite web}}: Missing or empty |title= (help)
  2. ↑ 2.0 2.1 2.2 2.3 "Daily oil production hits 900,000 barrels in Guyana's Stabroek block". ExxonMobil. 2025-11-12. Archived from the original on 2026-01-04. Retrieved 2026-01-08. {{cite web}}: Text "ExxonMobil Guyana" ignored (help)
  3. ↑ 3.0 3.1 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)
  4. ↑ https://corporate.exxonmobil.com/news/news-releases/2020/0930_exxonmobil-to-proceed-with-payara-development-offshore-guyana. {{cite web}}: Missing or empty |title= (help)
  5. ↑ 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)
  6. ↑ 6.0 6.1 https://archives.datapages.com/data/specpubs/memoir125/data/11_aapg-sp2150011.htm. {{cite web}}: Missing or empty |title= (help)
  7. ↑ 7.0 7.1 https://petroleum.gov.gy/documents/natural-resource-fund-annual-report-2023. {{cite web}}: Missing or empty |title= (help)
  8. ↑ https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/040422-exxonmobil-led-group-sanctions-yellowtail-oil-development-offshore-guyana. {{cite web}}: 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. ↑ https://www.hartenergy.com/exclusives/exxon-eyes-total-guyana-production-620000-bbld-payara-startup-207184/. {{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 "Eco Atlantic set to assume outright ownership of offshore Guyana block". Offshore Magazine. 2024-01-22. Archived from the original on 2025-10-16. Retrieved 2026-02-12.
  13. ↑ 13.0 13.1 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)
  14. ↑ https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-ocean/. {{cite web}}: Missing or empty |title= (help)