Page 9 - LatAmOil Week 16 2022
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LatAmOil                                         GUYANA                                            LatAmOil



                         The scheme calls for building a 12-inch   Guyanese government’s GTP taskforce, said last
                         (303-mm) pipeline to pump 50mn cubic feet   year that the total cost of the project was likely
                         (1.42mn cubic metres) per day of associated gas   to be broken down as follows: $570-630mn for
                         from producing sections of EEPGL’s offshore   the offshore section of the pipeline, $80-100mn
                         Stabroek block to shore. The pipe will deliver the   for the onshore section of the pipeline, $120mn
                         gas to an onshore receiving facility, which will   for the gas-receiving plant and $40-50mn for
                         then make it available for electricity generation   other associated infrastructure. At that time,
                         and other uses.                      officials in Georgetown were saying that they
                           Winston Brassington, the head of the   intended to cover at least part of these costs with


       Yellowtail environmental permit includes




       provisions targeting emissions reduction






                         THE environmental permit issued for Yel-  commitment to get to net zero by 2050. We want
                         lowtail, the fourth development target at the   to know what their plan is for Guyana and how
                         Stabroek block offshore Guyana, differs from its   they intend to achieve that goal here.”
                         predecessors because it will include a roadmap   According to the Yellowtail environmental
                         for carbon dioxide emissions reduction.  permit, Esso Exploration and Production Guy-
                           The use of this roadmap is part of a wider   ana Ltd (EEPGL), the ExxonMobil affiliate that
                         effort to minimise the environmental impact   is leading work at Stabroek, has 90 days follow-
                         of oil development, according to a report from   ing the issuance of the document to submit a
                         OilNOW.gy. In line with these efforts, Exxon-  work plan. This document must detail how the
                         Mobil, the US-based super-major that is lead-  company and its partners and contractors will
                         ing development at the block, has also pledged   achieve reductions in greenhouse gas (GHG)
                         to examine the potential use of carbon capture,   emissions intensity and what CCUS technolo-
                         utilisation and storage (CCUS) technologies as   gies may be used during the project execution.
                         part of the $10bn Yellowtail project.  In accordance with its 2050 net-zero goal,
                           These requirements are spelled out in Guy-  ExxonMobil has committed to finalising road-
                         ana’s draft Low Carbon Development Strategy,   maps that will address approximately 90% of
                         which calls for eliminating gas flaring, as well as   the company’s GHG emissions by the end of
                         the use of the best environmental technology.  this year, with the remainder expected to be
                           Joel Gravesande, the head of the oil and gas   addressed in 2023. In an effort to accelerate
                         department at Guyana’s Environmental Protec-  this endeavour, the company has identified 150
                         tion Agency (EPA), stated the following with   potential steps to be applied to its upstream,
                         regards to the provisions of the newly issued   downstream and chemical operations.
                         Yellowtail permit: “This provision in the permit   Already underway are actions to address
                         is new to Guyana, and I am happy to know that   ExxonMobil’s energy efficiency, methane miti-
                         the EPA [has been] pushing for this. The driv-  gation and the elimination of venting and rou-
                         ing factor is actually ExxonMobil’s stated global   tine flaring. ™
























                                                  Yellowtail will be the fourth development project at Stabroek (Image: Hess)



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