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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. Production is expected to begin by 2020, less than five years after discovery of the field. Phase 1 is expected to cost just over $4.4

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