Page 7 - LatAmOil Week 42 2021

LatAmOil GUYANA LatAmOil

ExxonMobil submits EIA for Yellowtail

EXXONMOBIL Guyana, a subsidiary of the 100-140 during regular commercial production
US-based super-major ExxonMobil, has sub- operations.
mitted documents to Guyana’s Environmental The field will see output peak at 250,000
Protection Agency (EPA) outlining its plans for barrels per day (bpd). ExxonMobil Guyana will
development of Yellowtail, an oilfield within the use some of the associated gas it extracts from
offshore Stabroek block. Yellowtail as fuel for the FPSO and re-inject the
The documents, which consist of an envi- remaining volumes in order to maintain reser-
ronmental impact assessment (EIA) and an voir pressure.
environmental impact statement (EIS), outline As of press time, EPA officials had not said
the factual and technical parameters of the com- when they might make a decision on whether to
pany’s development plans. The EPA must review approve the EIA and EIS.
them prior to making a decision on whether to Equity in the Stabroek project is split between
give ExxonMobil Guyana a green light for the ExxonMobil Guyana, the operator, with 45%;
Yellowtail project. Hess Guyana Exploration, with 30%; and China
According to a report from OilNOW.gy, the National Offshore Oil Corp. (CNOOC), with
EIA states that the company intends to set up six 25%. The partners brought Liza-1, their first
drilling hubs and drill 41-67 new development development project, on stream in December
wells at the Yellowtail field, including production 2019. They are due to launch Liza-2, the sec-
wells, gas re-injection wells and water-injection ond development project, in 2022, followed by
wells. It expects to begin development drilling in Payara in 2024. ™
mid-2023 and will then wrap up its drilling pro-
gramme in 2028, and the field is slated to begin
production in late 2025 or early 2026.
ExxonMobil Guyana also said in its EIA that
it would install and operate subsea, umbilical,
risers and flowline (SURF) systems to support
production operations. Additionally, the com-
pany will install and operate a floating produc-
tion, storage and off-leading (FPSO) vessel at
the Yellowtail field, which lies within the eastern
section of the Stabroek block.
Yellowtail is anticipated to remain in produc-
tion for at least 20 years. The project will provide
jobs for up to 540 people during the drilling
stage, rising to 600 during the most active part
of the installation stage and then dropping to Preliminary drilling layout for Yellowtail field (Image: ExxonMobil)

CGX, Frontera still on track to

finish Kawa-1 well in December

CGX Energy and Frontera Energy are on track available for use if required,” Frontera and CGX
to complete the Kawa-1 exploration well at the said. “Close to 70% of the planned footage has
Corentyne block offshore Guyana in schedule been drilled, and the two main geological targets
in December. of the Kawa-1 well remain to be drilled, cased
In a joint statement dated October 20, the and evaluated, with current expectations on
two Canadian companies reported that the well reaching total depth consistent with the previ-
was already nearly 70% complete. So far, they ous public disclosure of December 2021.”
said, the drilling project has gone forward with- Kawa-1 is targeting stacked sandstone res-
out any interruptions. ervoirs in the Campanian and Santonian layers,
“At this point, four of five planned casing the companies noted. They said they hoped the
strings have been landed and cemented in target layers would prove to be analogous to
place, with two contingency casing strings still other nearby fields.

Week 42 21•October•2021 www. NEWSBASE .com P7