Page 12 - LatAmOil Week 47 2022

LatAmOil GUYANA LatAmOil

ExxonMobil, Stabroek contractors pay more

than $700mn to Guyanese firms since 2015

EXXONMOBIL (US) and its contractors have Local Business Development to stage a supplier
paid more than $100mn per year on average to forum. More than 3,000 visitors attended the
Guyanese suppliers since the announcement event over a period of two days, the news ser-
of its first crude oil find at Liza, a field located vice said.
within the offshore Stabroek block, in 2015. The US super-major is the operator of
The US-based super-major confirmed to Stabroek, which contains Guyana’s only produc-
OilNOW.gy last week that total payments to ing oilfields – Liza-1 and Liza-2, which came on
Guyanese suppliers had risen above $700mn stream in December 2019 and February 2022
since the initial commercial discovery at Liza respectively. It is aiming to bring the Payara field
seven years ago. It also said that payments to online in late 2023 and will launch the Yellowtail
local firms had gone above $127mn in the first field in 2025 and the Uaru field in 2026.
half of 2022 alone but did not provide a full ExxonMobil and its partners Hess, a US
breakdown of expenses. independent, and China National Offshore
As of June 30, 2022, it added, more than 4,400 Oil Corp. (CNOOC) have made more than 30
Guyanese citizens were working in positions discoveries at Stabroek to date. The block holds
related to supporting the activities of Exxon- more than 11bn barrels of oil equivalent (boe) in
Mobil or its contractors in the South American recoverable reserves. ™
country. Residents of Guyana account for about
64% of all the workers supporting ExxonMo-
bil’s operations in the country, the firm stated.
They have already benefited from training in
the areas of basic skills; health, safety, security
and the environment (HSEE) concerns; profes-
sional/technical skills; trade/craft techniques;
and administrative skills.
It went on to say that its supply chain had cre-
ated opportunities for more than 1,000 unique
vendors within Guyana. The number is expected
to rise as operations continue to expand at the
Stabroek block, creating new opportunities for
growth, it added.
ExxonMobil has indicated that it is looking
for openings to hire even more Guyanese firms
as time passes. Earlier this month, OilNOW.
gy reported, it teamed up with the Centre for Stabroek holds more than 11bn boe in recoverable reserves (Image: ExxonMobil)

BRAZIL
Brazil’s gas re-injection volumes

hit all-time record high in October

BRAZIL saw the volume of natural and associ- This represents an increase of 11% on the
ated gas re-injected into crude oil reservoirs rise September 2022 level of about 68.83 mcm per
to the record high level of 76.4mn cubic metres day and an increase of 33% on the October 2021
per day in October of this year, according to level of 56.37 mcm per day, ANP data show.
preliminary data from the National Agency of It is also 9.77% up on the previous record
Petroleum, Natural Gas and Biofuels (ANP) high figure of 69.6 mcm per day recorded in
cited by Argus Media. August 2022.

P12 www. NEWSBASE .com Week 47 23•November•2022