Page 11 - LatAmOil Week 08 2023

LatAmOil GUYANA LatAmOil

Guyana’s government will be covering part of Officials in Georgetown expect CH4/Lind-
its share of the project’s cost with revenues from sayca to begin construction later this year, in
oil sales and part through a credit from the US time for the GTE network to begin operating
Export-Import Bank (Eximbank). before the end of 2024.. ™

Maxar’s satellite monitoring services

to prevent oil spills offshore Guyana

US-BASED Maxar Technologies revealed on help Guyanese authorities balance the country’s
February 21 that it had signed a three-year economic needs with environmental protection
contractual agreement with Guyana’s Ministry mandates. “Guyana’s economy has grown signif-
of Natural Resources (MNR) for a package of icantly as a result of the influx of capital from
remote monitoring services designed to limit newly discovered offshore oil and gas resources,
the negative environmental impact of offshore and Maxar’s monitoring capabilities will help
oil projects. Guyana’s EPA ensure the resource is sustainably
In a statement, Maxar said that the agree- managed, environmentally safe and able to be
ment provided for Guyana’s Environmental extracted for years to come,” it commented.
Protection Agency (EPA) to use two of its Vickram Bharrat, the head of MNR,
Crow’s Nest Maritime Monitoring and Security expressed a similar sentiment. “Maxar’s geospa-
(MMS) products. These products, which com- tial data and analytics will help MNR protect the
bine space-based optical and radar imagery with environment for future generations while also
advanced machine learning, are designed to sustainably developing the extraction of Guy-
support the monitoring of offshore exploration ana’s natural resources for long-term economic
and development operations. gains,” he said.
One of these products covered by the agree- Tony Frazier, Maxar’s executive vice presi-
ment is the Crow’s Nest Multi-Sensor Oil Detec- dent and general manager of public sector earth
tion Service, which is designed to help identify intelligence, thanked MNR for using the compa-
potential spills, it noted. Additionally, it said, the ny’s “industry-leading technology to help meet
EPA has arranged to make use of Maxar’s Crow’s its environmental goals.” He added: “Maxar is
Nest Maritime Tipping and Cueing Service, the only company that can offer these diverse
which leverages the company’s very-high reso- environmental monitoring technologies under
lution optical satellites to monitor drilling units a single contract.”
for safety and regulatory compliance. Maxar further noted in its statement that
Maxar described the deal with MNR as its its agreement with MNR would give the Guy-
first Crow’s Nest contract in the Latin America/ ana Forestry Commission access to additional
Caribbean region. The agreement “is an impor- remote monitoring services designed to pre-
tant milestone in the application of Crow’s Nest vent deforestation, protect mangrove trees and
[solutions] to the environmentally critical use safeguard biodiversity. These services include
case of monitoring offshore petroleum activity,” the SecureWatch cloud-based platform, the
it said in the statement. Persistent Change Monitoring (PCM) tool and
The company asserted that its services would imagery tasking capabilities, it said. ™

Maxar WorldView-3 image of offshore petroleum activity in Guyana’s exclusive economic zone (Image: Maxar)

Week 08 22•February•2023 www. NEWSBASE .com P11