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LatAmOil ARUBA LatAmOil

However, the US company has signed a long- described the deal as beneficial for Aruba, for
term LNG supply contract, and the island state’s the Caribbean region as a whole and for his com-
utility has indicated that it will use the regasified pany in particular. “We are committed to invest-
LNG as fuel for the Balashi thermal power plant ing in the Caribbean basin and are honoured to
(TPP). have signed an agreement for another major
The cost of building the new facility is LNG project, this time in Aruba. Together with
expected to reach $100mn, and the project is recent agreements elsewhere in the Caribbean
likely to create about 100 new jobs during the basin, including the new terminal in Antigua,
construction phase, Eagle LNG said. It will also this further confirms Eagle LNG as the reliable
allow for the creation of permanent and “highly partner of choice for natural gas in the region.
skilled operating jobs with specialised training The LNG import terminal will result in more
in critical capabilities required as the world tran- environmentally responsible energy support-
sitions to a net-zero carbon future,” the company ing the addition of more renewable generation,
added. lower operating and maintenance costs and a
The statement explained that the project was stable, historically low-cost, fuel supply. Along-
designed to help Aruba reduce its carbon emis- side the economic and environmental benefits,
sions by allowing the TPP’s dual-fuel engines to the transition to LNG-powered generation will
switch from the petroleum products that are its function as a catalyst for new economic pillars in
current main sources of fuel to cleaner-burning Aruba. We look forward to being a part of Aruba
natural gas. “The project will introduce low- for many years.”
cost, stable energy to the island and enhance Croes, meanwhile, stressed the environ-
its environmental credentials,” it said. Moving mental and economic advantages of the deal for
to LNG from heavy residual fuel oil and diesel Aruba’s citizens. “This is an extremely important
will cut harmful emissions by 30% for carbon project for an Aruba that loves its environment,
dioxide, by 75% for nitrogen oxides, by 90% for which will produce energy based upon clean
particulates and by 99% for sulphur dioxide, it energy that will reduce costs of water and elec-
added. tricity to the benefit of all of Aruba,” he said at
Sean Lalani, the president of Eagle LNG, the signing ceremony. ™

GUYANA
Frontera says data from Kawa-1 well may

show presence of hydrocarbon system

CANADA’S Frontera Energy has said that the
data collected thus far from Kawa-1, an explo-
ration well being drilled at the Corentyne block
offshore Guyana, suggests the presence of an
active hydrocarbon system.
In a statement, Frontera reported that it
had sunk the Kawa-1 well to about 90% of the
planned footage. It did not say exactly when it
expected to reach the total target depth. How-
ever, it did note that the logging-while-drilling
(LWD) and cuttings data collected from the well
indicated that Kawa-1 contained hydrocarbons
in parts of the Campanian and Santonian layers.
The Canadian company did not say whether
these data were indicative of the presence of
crude oil, natural gas or a mixture of hydrocar-
bons. It did say that the well had already pene-
trated its Campanian objective – Horizon 19, the
first of three geological target zones. Frontera Kawa-1 is very close to several Stabroek finds (Image: CGX Energy)
and its partner CGX Energy, another Canadian
firm, will now run liner into the shaft before pro- “The initial geological results will be further
ceeding with drilling towards their next objec- evaluated by wireline logging at the end of the
tives – Horizon 23, the main Santonian target, well as part of the logging programme for the
and Horizon 25, a secondary Santonian target. deeper zones,” it added.

Week 50 16•December•2021 www. NEWSBASE .com P9