Page 11 - LatAmOil Week 46 2022

LatAmOil GUYANA LatAmOil

This will include a short section of overland Guyana’s government has said it expects
pipeline as well as the TPP and NGL plant. ExxonMobil to finish the offshore pipeline in
ExxonMobil, meanwhile, will build offshore the fourth quarter of 2024, in time to permit the
collection systems and pipelines to gather 50mn commissioning of the TPP before the end of the
cubic feet (1.42mn cubic metres) per day of gas same year.
from Liza-1 in the first phase of operations, as Ali said on November 10 that he expected the
well as a 190-km trunk pipeline connecting the launch of the new power station to effect sub-
fields to shore. stantial cuts in the cost of electricity in Guyana.
In the second phase of operations, the US “Just for reference, a family at the end of this
super-major will expand the offshore network project that now pays GYD20,000 [$95.82] per
so that it can gather gas from other oilfields, month in light bills or electricity costs will see
including Liza-2, and boost capacity to 120 that cost coming down to GYD10,000 [$47.91],”
mmcf (3.4 mcm) per day. he asserted. ™

SURINAME
Suriname opens deepwater bidding round

by offering six blocks on Demerara Plateau

STAATSOLIE Hydrocarbon Institute (SHI), a the process by registering the interested par-
wholly-owned subsidiary of Suriname’s national ties seeking access to SHI’s data rooms, which
oil company (NOC) Staatsolie, said on Novem- include information on all six licence areas
ber 8 that it had officially launched a new licens- included in DBR. These sites are known as
ing round covering some 43,956 square km of Blocks 63, 64, 65, 66, 67 and 68, and they are
deepwater acreage on the Demerara Plateau. located in waters ranging from 400 metres to
In a statement, SHI reported that it was invit- 3,500 metres deep.
ing both national oil companies (NOCs) and Envoi will allow interested parties to access
international oil companies (IOCs) to submit data rooms from November 28, 2022 until April
offers for the six blocks included in the Dem- 28, 2023. After the data rooms close, quali-
erara Bidding Round (DBR). It also said it had fied potential investors will have until May 31,
commissioned Envoi, a UK-based energy port- 2023 to submit their bids, and SHI will then
folio and project marketing firm, as its official award contracts in line with the relevant Suri-
advisor for the marketing and management of namese laws by June 30, 2023, before signing
the competitive bidding process. formal production-sharing contracts (PSCs) in
According to the statement, Envoi will start the third quarter of the same year.

All six of the blocks included in DBR are on the Demerara Plateau (Image: Staatsolie/Envoi)

Week 46 16•November•2022 www. NEWSBASE .com P11