Page 4 - LatAmOil Week 17 2022
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COMMENTARY Y
      LatAmOil                                      COMMENTAR                                             LatAmOil










































                                                                                                         (Image: AAPG)
       Emerging basins,





       emerging tensions?







       TechnipFMC’s shift of certain operations from Trinidad and Tobago to Guyana highlights the

       issues that can arise when one hydrocarbon basin matures and another moves to the forefront



                         EARLIER  this week, TechnipFMC, the   as well as receiving, testing and loading out all
                         French-American oilfield service provider, held   of the subsea hardware that is being installed,”
       WHAT:             a ceremony marking the completion and launch   he stated.
       TechnipFMC has    of its expanded service base in Guyana.  Landes also indicated that TechnipFMC
       launched its expanded   The company established a presence in the   had built its service base with the expectation
       service base in Guyana.  South American state in 2016, the year after Exx-  of growth and anticipated additional expansion.
                         onMobil (US) made its first oil discovery at Liza,   “We began investing and training the develop-
       WHY:              a field within the offshore Stabroek block. Now   ment of our local teams over five years ago, way
       ExxonMobil and other   it is operating a much larger facility, employing   in advance of demand, and we are going to be
       companies had previ-  more than 70 Guyanese citizens and working   bringing on another 30 locals in the near future,”
       ously relied on service   with more than 70 qualified local companies.  he said, according to a report from OilNOW.gy.
       facilities in Trinidad and
       Tobago.             Jonathan Landes, TechnipFMC’s president   TechnipFMC did not celebrate alone.
                         of subsea operations, noted during the com-  Alistair Routledge, the president of Exxon-
       WHAT NEXT:        missioning ceremony that his company was   Mobil Guyana, also hailed the opening of the
       This move could heighten   deeply involved in the development of Stabroek,   service base, explaining that the facility had
       pre-existing tensions   the only Guyanese licence area that has begun   greatly benefited his company by contributing
       between Georgetown and   production to date. “We are supporting the six   to the establishment of key infrastructure in the
       Port of Spain.    rigs that are currently operating [at the block]   oil sector.


       P4                                       www. NEWSBASE .com                           Week 17   28•April•2022
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