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ExxonMobil and its partners will use the FPSO Prosperity to support development at Payara (Photo: SBM)
For its part, the deal acknowledges that Chinese Eugene Okpere, Shell’s senior vice president
Investment Co. (CIC) will not play an active and country chair for Trinidad and Tobago, also
role in the shareholder reorganisation process. expressed satisfaction with the new agreement.
CIC had held about 10% of equity in Atlantic He said he believed the deal would clear up
LNG’s first production train, and since this unit uncertainty about Atlantic LNG’s future, thereby
is expected to remain offline for the time being, removing obstacles to firms that are ready to
it is not a major driver of the group’s operational invest billions of dollars in gas exploration and
plans. production in Trinidad and Tobago.
The reshuffle has been hailed by Trinidad For instance, he speculated, it could help
and Tobago’s government, with officials in Port attract investors to Manatee, Trinidad and
of Spain pointing out that the new ownership Tobago’s section of a gas field that straddles the
structure is more streamlined and also likely to maritime boundary with neighbouring Ven-
generate more budget revenue. ezuela. Manatee holds about 2.7 trillion cubic
Prime Minister Keith Rowley has also noted feet (76.46bn cubic metres) of gas and is part of
that the government will be able to market its a larger structure, Loran/Manatee, that holds
own LNG on a global basis once the reorganisa- another 7.3 tcf (206.7 bcm) of gas on the Vene-
tion is complete. zuelan side of the border. ™

Guyana, CH4/Lindsayca sign EPC

contract for onshore GTE facilities

GUYANA’S government has signed a contract facilitating the transition to lower-carbon
with CH4/Lindsayca, a consortium formed by energy sources and because it is the largest
two US firms, for engineering, procurement investment scheme in which the Guyanese gov-
and construction (EPC) work on the onshore ernment has ever participated, he remarked.
component of the Gas-to-Energy (GTE) project. “This project is not only about the generation of
The EPC contract was finalised on Decem- power and liquids ... Understanding the oppor-
ber 13 in Georgetown, at the office of President tunities that this project will unlock for us as a
Irfaan Ali. The president witnessed the sign- country, it is enormous,” he said.
ing, as did officials from Guyana’s Ministry of Vice President Bharrat Jagdeo, who was
Natural Resources and GTE task force, as well also present at the signing ceremony, agreed.
as representatives of the US Embassy and the Together with new solar and hydropower initi-
US-based super-major ExxonMobil, which is atives, the GTE project will help triple Guyana’s
leading the development of the oilfields that will electricity generation capacity while also reduc-
supply associated gas for the GTE project. ing harmful emissions by 70%.
Ali thanked all of the parties involved for Jagdeo had informed reporters on December
working to wrap up the deal quickly. The 9 that Guyana’s government had finalised and
GTE project is sure to benefit the country by approved the deal with CH4/Lindsayca.

P8 www. NEWSBASE .com Week 50 14•December•2022