Page 10 - LatAmOil Week 06 2022

LatAmOil GUYANA LatAmOil

However, they did point out that the consul-
tancy was already familiar with the Stabroek
project, as it had also won the contracts for
review and evaluation of the FDP for the first
three development targets at the block (Liza-1,
Liza-2 and Payara).
Bayphase will now have 50 days to carry
out an in-depth review of all supporting and
reference documentation for the Yellowtail
FDP, together with the environmental and
social impact assessments (ESIA) submitted
by ExxonMobil and its partners. This review
must encompass an assessment of the licensees’
strategy and development model, as well as the
cost-effectiveness and other criteria used to jus-
tify their choices, plus a description of potential Bayphase’s review will encompass all aspects of the FDP (Image: ExxonMobil)
alternatives.
Additionally, the consultancy will undertake Guyana’s Vice-President Bharrat Jagdeo said
a comprehensive review of the entire project last week that he was confident that the winning
from start to finish, including matters such as bidder would be able to complete the review
scheduling, community impact, gas utilisation, on time. Speaking to reporters in Georgetown,
risk management and cost estimates, as well as Jagdeo said that Guyanese authorities were tak-
recovery optimisation, financial modelling and ing all of the steps necessary to keep discussions
economic analysis. It will also provide the Guy- of the Yellowtail project on track. “We are work-
anese Natural Resources Ministry and other ing more, and we are anticipating the comple-
relevant state agencies with on-the-job training tion of everything by the end of March latest,” he
and support during the FDP evaluation process. was quoted as saying by OilNOW.gy. ™

BRAZIL
Guyana reportedly exports first crude

oil cargo to Mataripe refinery in Brazil

GUYANA has reportedly exported its first cargo
of crude oil to an independent refinery in neigh-
bouring Brazil.
Citing a source familiar with the deal, Reu-
ters reported last week that the cargo had been
shipped by ExxonMobil (US), the operator of
the Stabroek block offshore Guyana. Stabroek
is home to Liza-1, thus far the only Guyanese
oilfield to begin commercial production.
The source, who was not named, said that
ExxonMobil had supplied 1mn barrels of crude
to Acelen, the independent operator of Brazil’s
Mataripe refinery, under a spot deal. He told Acelen took control of the Mataripe refinery last year (Photo: Petrobras)
Reuters that the US giant had loaded the oil onto
the Sonangol Portoamboim tanker, which had (UAE/Abu Dhabi). The plant, formerly known
departed from the Liza Destiny floating pro- as the Landulpho Alves Refinery (RLAM), is
duction, storage and off-loading (FPSO) vessel located in São Francisco do Conde in Brazil’s
at Liza-1 in late January or early February. northern state of Bahia. It was originally owned
The tanker will unload the crude in the ports of by Brazil’s national oil company (NOC) Petro-
Aratu and Madre de Deus in Brazil’s north-east- bras, and it was the first refinery successfully
ern Bahia State, the source said. He did not dis- sold within the framework of that company’s
close any further information about the deal. privatisation programme. As such, its sale to a
Acelen is operating the 333,000 barrel per Mubadala subsidiary and subsequent transfer
day (bpd) Mataripe refinery with backing from for Acelen represented the end of the NOC’s
a subsidiary of the Mubadala Capital group monopoly over Brazil’s refining industry.

P10 www. NEWSBASE .com Week 06 10•February•2022