Fulcrum LNG has been selected by the government of Guyana to move a project to develop the country’s offshore gas forward. (Source: Shutterstock)
Little known U.S.-based company Fulcrum LNG has been selected by the government of Guyana to move a project to develop the country’s offshore gas forward.
Guyana, Latin America’s newest oil producer, started producing oil offshore in late 2019. The country has around 17 Tcf of associated gas, which could spearhead the small South American nation’s next energy wave.
RBAC Inc., a market supplier of global and regional gas and LNG market simulation systems, said Guyana had been looking to develop its natural gas resources and has partnered with Fulcrum to assist in the process, the company said June 27 through a post on X, formerly Twitter.
Guyana’s offices of the presidency and the prime minister didn’t immediately reply to emails from Hart Energy to confirm the details.
Fulcrum LNG was reportedly formed by former Exxon Guyana executive Jesus Bronchalo, according to reports from Reuters. Baker Hughes and McDermott will team up with Fulcrum in the development process, according to the news agency. Fulcrum LNG was picked from among 17 companies to develop a plan around the design and construction of gas facilities to commercialize Guyana’s gas resources.
Fulcrum LNG boasts “experienced and industry-recognized professionals with more than two centuries of combined experience,” according to details on its website.
“Until now, Guyana’s natural gas has come from associated gas from its high yield offshore fields,” RBAC said on X.
According to Alistair Routledge, the president of Exxon Mobil Guyana Ltd., for Exxon to get involved in any large-scale deepwater development offshore Guyana, the order of production magnitude would need to be at least 1 Bcf/d of gas, he said at the Offshore Technology Conference in Houston in May.
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Exxon Mobil Keeps Its Options Open in Guyana and Globally
Exxon's current development of offshore gas production from Guyana’s Stabroek Block will initially be used to feed an onshore gas plant and allow the country to displace diesel fuel use in power generation, reducing emissions related to the use of the fossil fuel.
Neither Fulcrum LNG, Exxon Mobil, Baker Hughes or McDermott responded to email requests from Hart to confirm the new reports.
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