Page 4 - LatAmOil Week 17 2022

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