Page 9 - LatAmOil Week 12 2021

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The PIGAP-II gas re-injection plant has been site’s crude output levels at 300,000 barrels per
operating since 2001. It was designed to re-inject day (bpd). The facility appears to be operating
about 1.3-1.8mn cubic feet (36,800-51,000 cubic below capacity, though. PdVSA reports viewed
metres) per day of gas into an oilfield known as by Platts show that yields at El Furrial averaged
El Furrial in order to help PdVSA maintain the 44,000 bpd in February. ™

GUYANA
ExxonMobil expected to have more

associated gas for Guyana’s GTP project

US-BASED ExxonMobil has reportedly stated businessmen what is the number one obstacle to
that it will be able to provide more associated gas doing business, they would say electricity, from
than previously anticipated for a gas-to-power the aspect of cost and from the aspect of relia-
(GTP) initiative in Guyana. bility,” he said.
According to Stabroek News, the US Ramnarine also said he expected the cost of
super-major’s ExxonMobil Guyana subsidiary building the infrastructure needed for the pro-
revealed on March 23 that it could make 50mn ject, including a pipeline to pump gas from the
cubic feet (1.42mn cubic metres) per day of Liza-1 oilfield to shore, to reach $600-800mn.
associated gas from the Liza-1 oilfield available This is a reasonable cost, especially since
for the GTP project. Previously, the company the scheme will benefit the environment, he
had put the volume of gas available at 35 mmcf asserted. “[It] makes economic sense ... I think
(991,000 cubic metres) per day. it can work and it should be supported, because
ExxonMobil Guyana did not reveal the rea- Guyana would also be reducing its carbon foot-
son for the change in its estimate. It did state, print,” he remarked.
though, that it had already applied for environ- Guyanese officials have said that the GTP
mental authorisation to begin work on the pro- scheme will involve the construction of a 160-
ject. Additionally, it said it had already begun the km pipeline from Liza-1 and a 300-MW ther-
geotechnical and geophysical surveys that will mal power plant (TPP). They have also indicated
be needed to move work forward. that they would like to begin work on the pro-
News of the company’s plans emerged ject before the end of this year, but it is not clear
shortly after Kevin Ramnarine, the former whether they will reach that goal.
energy minister of Trinidad and Tobago, stated Liza-1 is a field within the deepwater
that he expected the GTP initiative to be a boon Stabroek block, which ExxonMobil is develop-
for the Guyanese economy. The project will ing in co-operation with the US independent
make the country a more attractive investment Hess and China National Offshore Oil Corp.
destination by improving power supplies, he (CNOOC). Stabroek is believed to hold at least
explained during a speech at the Guyana Basins 9bn barrels of oil equivalent (boe) in recoverable
Summit. “If you go around Guyana and you ask reserves. ™

The Liza Destiny FPSO will direct gas to the pipeline (Image: ExxonMobil)

Week 12 25•March•2021 www. NEWSBASE .com P9

A 160-km pipeline will pump gas from Liza-1 to the coast (Image: OilNOW.gy)