Page 9 - LatAmOil Week 50 2022

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Speaking at a press conference in Georgetown, loans that will need to be taken out to cover
he stated that the final cost of building the inte- infrastructure, operational and maintenance
grated facility, which is slated to include a nat- costs for GTE project’s onshore facility, he
ural gas liquids (NGL) plant and a 300-MW added.
thermal power plant (TPP), would amount to The GTE project calls for Guyana’s govern-
$759mn. ment to work together with ExxonMobil (US),
According to previous reports, CH4/Lind- the operator of the offshore Stabroek block, to
sayca won the contest for the EPC contract by establish the GTE network. ExxonMobil will be
offering to construct the integrated onshore responsible for setting up the offshore portion
complex near Wales for $898mn. Jagdeo did not of the system at a cost of around $1.3bn, while
say how the consortium had managed to bring Georgetown will be responsible for the onshore
the budget down to $759mn. part. The overall cost of the scheme is set to top
He did note, though, that Guyana’s gov- $2bn.
ernment was taking steps to cover its share of The offshore part of the system will consist
the GTE project’s costs. For example, he said, of collection systems and field pipelines capa-
Georgetown will seek financing from the US ble of gathering 50mn cubic feet (1.42mn cubic
Export-Import Bank (US Eximbank) to com- metres) per day of gas from Liza-1 in the first
plement its own outlays. phase of operations, as well as a 190-km trunk
The vice president did not reveal exactly how pipeline connecting the fields to shore. In the
much credit Guyana intended to request from second phase of operations, this offshore net-
the US Eximbank, but he did note that the coun- work will be expanded so that it can gather gas
try’s legislature had approved plans for allocat- from other oilfields, including Liza-2, and its
ing GYD20.8bn ($99.57mn) worth of budget capacity raised to 120 mmcf (3.4 mcm) per day.
funds for the GTE project in 2022. Additional Guyana’s government has said it expects
budget funds may be made available in 2023, he ExxonMobil to finish offshore construction in
said, without elaborating. the fourth quarter of 2024, in time to permit the
The government expects the NGL plant to commissioning of the TPP before the end of the
generate revenue that can be used to repay the same year. ™

Rendering of GTE pipeline route (Image: ExxonMobil)

BOLIVIA
Bolivia reports on natural gas

sales and revenues in 11M 2022

BOLIVIA’S national oil company (NOC) YPFB $3.1899bn from gas sales in the same period.
has reported that it saw natural gas sales vol- YPFB did not provide full comparative data
umes average 40.4mn cubic metres per day in from the same interval of 2021, but it did say gas
the first 11 months of the year and that it earned sales revenues had climbed by 23% year on year.

Week 50 14•December•2022 www. NEWSBASE .com P9