Guyana’s extraordinary Flush Production is starting to decay quickly. Field wide the 2 latest development FPSOs have reached plateau and are witnessing daily oil production declines. Liza the first FPSO development is now firmly below 90,000 bopd with a yearly decline of 6.6%. The actual decline is further hampered by recent well issues with completion integrity and SCSSV reliability.
Field and reservoir staff are concerned that Guyana’s 5th FPSO Erria Wittu production will only buffer the legacy production declines and any production over the milestone 1,000,000 bopd will be short lived.