Page 10 - LatAmOil Week 27 2022
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LatAmOil                                         GUYANA                                             LatAmOil



                         The project should help to improve the lives of   Overall, he added, the pipeline will have a
                         local people, as well as the country’s economy, he   maximum throughput capacity of 120 mmcf
                         added. It also has the potential to benefit neigh-  (3.4 mcm) per day. Gas volumes will rise later,
                         bouring countries, he stated.        in the second phase of the project, he said.
                           Mallon went on to say that the GTE initiative   He also reiterated his view that the GTE pro-
                         demonstrated ExxonMobil’s commitment to   ject, after facing much public scrutiny in the
                         progress on both commercial and environmen-  years leading up to its launch, had successfully
                         tal fronts.                          passed every test that it faced and should be
                           The company must take larger responsibility   allowed to advance.
                         for achieving sustainable development beyond   Meanwhile, several Guyanese officials said
                         oil and gas within the countries where it oper-  at the event that they agreed with Mallon’s sen-
                         ates, he explained.                  timent about the environmental impact of the
                           President Ali explained during the gather-  project. They each cited studies indicating that
                         ing that the GTE project would be carried out   the project would help reduce emissions stem-
                         in multiple phases. During the first phase, he   ming from power generation significantly.
                         said, ExxonMobil will deliver 50mn cubic feet   Meanwhile, Minister of Natural Resources
                         (1.42mn cubic metres) per day of gas to shore   Vickram Bharrat stressed the opportunities for
                         with the aim of meeting local demand. It will   regional co-operation. He described the GTE
                         collect the gas from Liza-1 and other fields   project as central to Guyana’s aim of becoming
                         within the Stabroek offshore block and send it   an energy hub by establishing a regional energy
                         via pipeline for delivery to an onshore facility,   corridor linking the country to Suriname,
                         he noted.                            northern Brazil and French Guiana. ™



                                                        BRAZIL
       ANP data show gas flaring up in May






                         BRAZIL’S National Agency of Petroleum, Nat-  on the April figure of about 136.77 mcm per day
                         ural Gas and Biofuels (ANP) has reported that   and by 2.4% on the May 2021 figure of about
                         natural and associated gas flaring rose in May   134.53 mcm per day.
                         of this year, both in comparison to the previous   Likewise, Brazilian producers made less gas
                         month and in comparison to May 2021.  available to the domestic market in the month
                           According to preliminary ANP data cited   of May. According to ANP, they delivered 46.2
                         by Argus Media, Brazilian oil producers flared   mcm per day to the Brazilian market in that
                         4.5mn cubic metres per day of gas in the month   month, down by 11.6% on the April figure of
                         of May. This figure represents a 65% rise on the   about 52.3 mcm per day and by 20.2% on the
                         April 2022 figure of about 2.73 mcm per day and   May 2021 figure of about 57.9 mcm per day. ™
                         a 54% rise on the May 2021 figure of about 2.92
                         mcm per day.
                           ANP did not comment on the reasons for the
                         increase in flaring volumes, but it did report that
                         67.2 mcm per day of gas had been re-injected
                         into hydrocarbon fields to maintain reservoir
                         pressure in May. This figure is essentially steady
                         on the April 2022 figure of 67.6 mcm per day but
                         is 12.2% above the May 2021 figure of about 59.9
                         mcm per day.
                           Re-injection volumes went up year on year
                         because Brazil needed extra gas to fuel its ther-
                         mal power plants (TPPs) at this time in 2021,
                         Argus Media noted. The TPPs were increasing
                         production to make up for a drought-induced
                         dip in hydropower generating capacity. These
                         considerations are not in play this year, as Brazil
                         has received enough rainfall to fill the reservoirs
                         needed to keep its hydroelectric power plants
                         (HPPs) operating at normal levels.
                           As such, Brazil has been less affected by the
                         fact that gas production actually declined in
                         May. ANP data show that the country extracted
                         131.3 mcm per day in that month, down by 4%            Gas flare on Cidade de Sao Vicente FPSO (Photo: Galp)



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