![Exxon Expects 3Q Guyana Volumes to Fall by 80,000 bbld](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/08/exxon-expects-3q-guyana-volumes-fall-80000-bbld.jpg?itok=Cs_ALf9U)
Night view of Guyana. (Source: Exxon Mobil)
Exxon Mobil expects lower production in Guyana’s Stabroek Block in the third quarter as it conducts hook-up work at two offshore developments that will supply a much-needed gas-to-energy project for power use on the country’s mainland.
Exxon expects gross volumes in Guyana will decrease by approximately 13%, or 80,000 bbl/d, due to scheduled work on Liza Phase 1 and Phase 2 FPSOs to enable the necessary gas-to-energy project tie-ins, company executives said during in its Aug. 2 second-quarter webcast.
To date, Exxon’s first three Stabroek developments—Liza Phase 1, Liza Phase 2 and Payara—and their associated FPSOs are producing over 600,000 bbl/d gross.
Exxon Mobil Guyana operates Stabroek and holds a 45% interest. Its local partners include Hess Guyana Exploration (30%) and CNOOC Petroleum Guyana (25%).
RELATED
Exxon’s Guyana Gas Project a “Win-Win,” Set for Hook-up by Year-end ‘24
Gas production from Stabroek will be used to feed an onshore gas plant and allow Guyana to displace diesel fuel use in power generation, reducing emissions related to the use of the fossil fuel.
Stabroek gas will be sent onshore through a 130-mile pipeline network and associated infrastructure that will ship 50 MMcf/d of gas from the Liza Field to a 300-megawatt onshore power plant.
Exxon expects to complete pipeline construction and field hook-up by the end of 2024.
The Guyanese government will operate the plant.
Recommended Reading
Wildcatter at Heart: Autry Stephens (1938-2024)
2024-08-18 - Legendary wildcatter Autry Stephens, founder and chairman of Midland Basin E&P Endeavor Energy Resources, stayed true to his “never sell” strategy.
Mexico’s Fast LNG Ships Out First Cargo—for Mexico
2024-08-16 - New Fortress Energy’s Fast LNG 1 project in Mexico will take an international route to a domestic destination.
Energy Transition in Motion (Week of Aug. 16, 2024)
2024-08-16 - Here is a look at some of this week’s renewable energy news.
Subsea 7 Secures Sizable GoM Contract
2024-08-16 - Offshore activity on Subsea7’s project is expected to begin in 2026.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
2024-08-16 - Argentina’s long-envisioned LNG export facility is closer to becoming a reality state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.