1) Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack – 9/3/2018.
2) Exxon, Guyana look at bringing gas ashore to generate electricity – B.Wilkinson – 20/9/2017.
1) Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack;
Reblogged, credit and map from:
By Oil Now – March 9, 2018.
As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge.
Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which inadvertently accompanies the crude – of which 3.2 billion recoverable barrels have so far been found – means reinjection is the likely scenario in the foreseeable future.
“As discoveries grow, so does the importance of the question on how gas will be evacuated from the field. And for now we assume that no gas makes it to market; it’s either use for reinjection or infield use given the lack of infrastructure or visibility on marketization plans,” says Elena Nikolova, Latin America Upstream Analyst.
Ms. Nikolova says there is potential for more significant oil discoveries in Guyana which would add to the volume already discovered at Stabroek Block, and in so doing, also increase the volume of natural gas.
ExxonMobil Guyana Commercial Manager, Peter Dillon, told a private sector forum on
Tuesday that the primary use of natural gas from the fields at this time would be for reinjection into the reservoirs to maximize crude production. However, he said the oil company recognizes the importance of natural gas to the Guyanese economy and as such is in discussions to see if limited volumes of associated natural gas can be commercialized from Liza Phase 1.
Oil production from the Liza Phase 1 development is set to get underway by March of 2020. Already plans are underway for a Liza Phase 2 in 2022 and a third development at the Payara/Pacora fields by 2023.
2) Exxon, Guyana look at bringing gas ashore to generate electricity
Exxon, Guyana look at bringing gas ashore to generate electricity
Reblogged and credit:
By Bert Wilkinson – Caribbean Life News- NY
Oil rigs and production
United States oil giant ExxonMobil and Guyanese authorities this week started two days of talks to determine whether it is feasible to run a 100-mile plus undersea pipeline bringing natural gas from its offshore wells to generate power for the Guyana Power and Light Corporation, the main state utility.
Spokeswoman Kimberly Brasington said Exxon has flown in a special team of specialists from headquarters in Texas to crunch numbers with officials in the country which is anxious to reduce dependency on fossil fuels for power generation.
“Yes we are starting the conversation on how it can be done and whether it should be done. If it is done, it will bring down the cost of power generation and it is cleaner,” Brasington said.
ExxonMobil had back in 2015 declared “a world class” oil and gas find off the Guyana coast and has already drilled eight of 17 wells it plans for the first phase of operations. Actual production is expected to begin in late 2019 or early 2020 with an estimated daily tally of more than 100,000 barrels/day and quickly expanding to 400,000 barrels/day. At that rate, Guyana will easily surpass Trinidad at 70,000 making it not only the latest country in the region to produce oil and gas but the largest.
The find has sent the country, which doubles as the headquarters of the 15-nation Caribbean single trading bloc of nations, into a tailspin as it rushes to prepare for transformation from centuries of dependence on gold, sugar, bauxite, rice and timber to one dominated by oil and gas.
Dozens of oil companies have applied for blocks, while the larger ones like Repsol of Spain and Tullow Oil of the United Kingdom are already preparing to begin exploratory works near Exxon’s Stabroek Block.
Brasington said the teams will study the possibility of running undersea pipelines from a floating production, storage and offloading facility the company is constructing to move crude oil from its wells, about 120 miles offshore Guyana.
Guyana says it spends $100M annually to import fuel to power generators and wants the gas Exxon will find while pumping oil to be brought ashore for domestic and commercial purposes.
“As the first of such sessions, the government of Guyana looks forward to furthering its understanding of the technical and key dynamics of proposed projects in an effort to diversify the energy mix in Guyana,” Minister of Public Infrastructure David Patterson,” said.
September 20, 2017 – Caribbean Life News- NY
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