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ExxonMobil greenlights Liza development in offshore Guyana; $4.4B Phase 1 investment

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Exxon Mobil Corporation will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. Phase 1 is expected to cost just over $4.4 billion, which includes a lease capitalization cost of approximately $1.2 Hess Guyana Exploration Ltd.

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