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LatAmOil COLOMBIA LatAmOil

The press release identified those sponsors as Colombia and the region. “[This] project pro-
AIM-listed Andes Energy and a “world-leading vides the type of comprehensive planning
strategic power solutions vendor” that has thus critical to accelerating the energy transition
far remained anonymous. The vendor is “active and enabling greater grid resilience through
in more than 180 countries, with [its] technol- more-connected infrastructure,” he said. “Across
ogy producing a third of the world’s electricity,” Central and South America, developers of ambi-
it said. tious projects like the Andes Energy Terminal
Black & Veatch did not reveal the value of demand thoughtful assessments by trusted
the contract, which will involve the preparation experts in everything from LNG and electrical
of detailed implementation and construction generation to energy storage and emerging tech-
plans. However, it noted that the costs of the nologies. Our expertise across the power mar-
studies would be covered by a grant from the US ket provides the surety developers and investors
Trade and Development Agency (TDA). need to undertake projects of this scale and
The feasibility study is designed to “verify complexity.” ™
the proposed project site’s suitability, define the
project design requirements and estimate capital
and operating costs,” the statement said. Addi-
tionally, it will assess the project’s financial via-
bility and identify potential sources of financing
options.
In its press release, Black & Veatch said that
the LNG-to-power project would boost the
quantity and reliability of power supplies in
the cities of central and south-western Colom-
bia, while also contributing to efforts to lower
the country’s carbon emissions. Additionally,
it stated, the scheme will support long-term
plans for promoting trade in hydrogen, as it will
involve the construction of liquid fuel storage
facilities.
Oscar Falcon, the managing director of Latin
America for Black & Veatch’s power business,
said he expected the AET scheme to benefit The terminal will be on the Aguadulce Peninsula (Image: Puerto Aguadulce)

GUYANA
ExxonMobil makes new discovery

in Stabroek’s Longtail-3 well

EXXONMOBIL Guyana, a subsidiary of reserves of the Stabroek block, which is known
US-based ExxonMobil, has announced the dis- to hold at least 9bn barrels of oil equivalent
covery of new hydrocarbon reserves in Long- (boe).
tail-3, an exploration well drilled at the Stabroek “Longtail-3, combined with our recent dis-
block offshore Guyana. covery at Uaru-2, has the potential to increase
In a statement, the parent company said that our resource estimate within the Stabroek
70 metres of net pay had been encountered in block, demonstrating further growth of this
Longtail-3, which was drilled in 1,860-metre- world-class resource and our high-potential
deep water using the Stena DrillMAX drillship. development opportunities offshore Guyana,”
The find includes “newly identified, high-quality Cousins said. “We will continue to leverage our
hydrocarbon-bearing reservoirs below the orig- core competitive advantages in our ongoing
inal Longtail-1 discovery intervals,” it reported. exploration campaign, delivering substantial
As of press time, ExxonMobil had not com- value to the Guyanese people, our partners and
mented publicly on the size of the find, which shareholders.”
was made at a site about 3.5 km to the south ExxonMobil also reported that its subsid-
of the Longtail-1 well, drilled in 2018. How- iary intended to use two drillships, the Stena
ever, Mike Cousins, the super-major’s senior DrillMAX and the Noble Sam Croft, to move
vice-president of exploration and new ventures, forward with its 15-well drilling programme at
indicated that Longtail-3 might add to the Stabroek this year.

Week 23 10•June•2021 www. NEWSBASE .com P7