Page 10 - LatAmOil Week 22 2021

LatAmOil GUYANA LatAmOil

Stabroek is believed to hold 9bn boe in recoverable resources (Image: Hess)
“The environmental impact statement for Yel- investment decision (FID) in the fourth quarter.
lowtail is already in too,” he noted. Once the FID has been taken, he continued,
He went on to describe President Irfaan Ali ExxonMobil Guyana and its partners will be in a
and members of the current administration as position to start development drilling in the first
“very pro-business” and eager to move hydro- quarter of 2024 and proceed to the installation of
carbon projects forward. “The people of Guyana SURF (subsea umbilicals, risers and flowlines)
and this current government especially want to facilities in the second quarter of the same year.
keep the momentum of oil investments because They can then install a floating production,
that is the best way for them to get shared pros- storage and off-loading (FPSO) unit in the third
perity and to improve all lives of every Guya- quarter of 2025 and start production in the final
nese,” he was quoted as saying by the OilNOW. quarter of 2025.
gy site. According to Ryan, the FPSO will be able to
Thus far, he added, ExxonMobil Guyana, the produce up to 250,000 barrels per day of crude
operator of the project, and its partners have oil, 620mn cubic feet (17.56mn cubic metres)
observed that the Ali administration is prepared per day of associated gas and 225,000 bpd of
to act quickly. “You know, the fact of the matter is water. It will have a storage capacity of 2mn
that they took over in August [2020], and before barrels of oil and will off-load production into a
September 30, 2020, they gave us approval for tanker every four to six days, he said.
Payara,” he said. “And now we are talking about These specifications “are for the life of the
Yellowtail, a large resource, and we will be ready field and are used by our engineers to ensure that
to go.” the facility is designed appropriately to be able
to handle fluids coming from the reservoir,” he
Work schedule said. The FPSO will have gas compression and
Hess was speaking shortly after Mike Ryan, injection units, oil separation units, power gen-
ExxonMobil Guyana’s production manager, eration units, produced water treatment units
presented information about Yellowtail during and a crude oil metering system, as well as risers
virtual consultation sessions designed to facil- and manifolds, he added.
itate the inclusion of public views in the envi- ExxonMobil Guyana and Hess are work-
ronmental impact assessment (EIA) covering ing with China National Offshore Oil Corp.
the project. (CNOOC) to develop Stabroek. Yellowtail is one
Ryan said during the sessions that his com- of 19 oil-bearing fields found at the block, which
pany had already drawn up a schedule for work is believed to contain more than 9bn barrels of
on Yellowtail. ExxonMobil Guyana and its oil equivalent (boepd). It will be the fourth sec-
partners have already begun work on the EIA tion of Stabroek to start commercial develop-
and are set to select the design basis for the pro- ment. ExxonMobil and its partners launched
ject by mid-2021, he said. Their next steps will production at Liza-1, the first site, in December
be to select an engineering, procurement and 2019 and hope to begin work at Liza-2, the sec-
construction (EPC) contractor in September ond site, next year. The third site, Payara, is due
or October of this year and then make a final to come on stream in 2024. ™

P10 www. NEWSBASE .com Week 22 03•June•2021