Page 10 - LatAmOil Week 06 2022
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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.



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