
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
Delivering Dividends Through Digital Technology
2024-12-30 - Increasing automation is creating a step change across the oil and gas life cycle.
Innovative Insulation: The Future of Thermal Management
2024-12-31 - Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
Integrating OCTG Management from Planning to Well
2024-12-10 - Tenaris’ Rig Direct provides improved collaboration and communication, and more uptime.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
E&P Highlights: Jan. 21, 2025
2025-01-21 - Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.