Page 12 - LatAmOil Week 14 2020

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G U Y A N A
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Her statements drew some objections from Mark Bynoe, Guyana’s director of energy. Bynoe told Reuters last week that the US firm and its partners, China National Offshore Oil Corp. (CNOOC) and Hess (US), would need to check with the Guyanese government before they made any adjustments.
The group began extracting crude oil from the Liza-1 well last December. It is due to see output reach around 120,000 barrels per day (bpd) in the first phase of development.
Liza is located approximately 193 km off- shore Guyana within the Stabroek block. The licence area is believed to hold at least 8bn bar- rels of oil in recoverable reserves.
Delays at Payara
In related news, ExxonMobil revealed earlier this week that it did plan to revise its schedule for work at a different section of Stabroek.
It stressed that these changes would not affect plans for launching the second stage of produc- tion at Liza, where a second floating production, storage and off-loading (FPSO) vessel known as the Liza Unity will be installed. The FPSO will allow ExxonMobil and its partners to drill 30 new wells and extract up to 220,000 bpd from
this stage of the field.
But it also explained that it was pushing
back deadlines for work at Payara, another prospect within the block. The US super-ma- jor had said previously that it would use a third FPSO, the prosperity, to launch a 45-well drill- ing programme that will push production up by another 220,000 bpd in 2023.
“Current operations onboard the Liza Des- tiny production vessel are unaffected, and start-up of the second phase of field devel- opment remains on target for 2022, with the Liza Unity production vessel currently under construction,” ExxonMobil said in a statement dated April 7. “As the company waits for gov- ernment approval to proceed with a third pro- duction vessel for the Payara development, some 2020 activities are now being deferred, creating a potential delay in production start-up of six to 12 months.”
The company also stressed that it intended to push forward with the Stabroek project despite challenging market conditions. “Developing the numerous world-class deepwater discover- ies offshore Guyana remains an integral part of ExxonMobil’s long-term growth plans,” it said in the statement. ™
SURINAME
Apache finds more oil offshore Suriname
US-BASED Apache and its French partner Total have found oil again at Block 58, which lies off- shore Suriname.
Apache revealed the discovery in a state- ment last week, saying that it had discovered crude oil and gas condensate within Sapakara West 1, its second exploration well at Block 58. It said it had encountered 79 metres of net pay in the well within the Campanian and Santo- nian layers of the Cretaceous interval.
“The shallower Campanian interval contains
13 metres (43 feet) of net gas condensate and 30 metres (98 feet) of net oil pay, with API oil gravities between 35 and 40 degrees. The deeper Santonian interval contains 36 metres (118 feet) of net oil-bearing reservoir with API oil gravi- ties between 40 and 45 degrees,” it reported.
The company said it had used the Noble Sam
Croft facility to drill Sapakara West-1 to a depth
of 6,300 metres. It will now carry out additional
tests to evaluate the size and productivity of the reservoir. 
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Apache and Total encountered 79 metres of net pay in the Sapakara West-1 well (Image: Apache Corp)
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w w w . N E W S B A S E . c o m Week 14 09•April•2020