Page 9 - LatAmOil Week 02 2023

LatAmOil GUYANA LatAmOil

The agency went on to say that it had reached pump associated gas from the Stabroek fields
this conclusion after reviewing documentation to shore. Georgetown has named the US-based
submitted by ExxonMobil Guyana, including CH4/Lindsayca consortium as its contractor for
an internally conducted EIA with a cumulative the building of an integrated complex that will
impact assessment (CIA). It also reported that include the TPP and a natural gas liquids (NGL)
the proposed location of the TPP – namely, a plant, and the partners are set to commence
site in the Wales Development Zone on the West work later this year.
Bank of the Demerara River – lay within an area Meanwhile, the government has also
that the agency had already been approved for launched the procurement process for trans-
such a purpose. mission grid infrastructure ancillary to the new
Under these existing approvals, it said, TPP. In December, it called a tender for trans-
the project’s environmental and social conse- mission lines and substations that will support
quences during the pre-construction, construc- the GTA scheme.
tion and operation phases have already been Additionally, Guyana Power and Light
identified and assessed. They have also been (GPL), the national electricity provider, is
evaluated by the EPA as likely to be short-term seeking a contractor for work on Phase 1 of its
and temporary in nature. Guyana National Control Centre (GNCC) and
A public statement released by the EPA read: smart grid project, which will help the country
“The project design will include embedded manage demand for power, balancing consum-
controls as well as targeted mitigation measures ers’ needs with oil and gas operators’ needs. The
during construction and operation to avoid, top bidder for the contract will supply super-
minimise and mitigate any impacts to biodiver- visory control and data acquisition/energy
sity. The project will not significantly impact or management systems (SCADA-EMS) for the
change overall ecological functions of the land- Guyana Transmission and Generation Control
scape and affected watershed, [which] will retain Centre, one of the two control centres that will
their current functions largely unchanged.” make up the GNCC. ™
Should any members of the public wish to
oppose the EPA’s ruling, they will be given a
period of 30 days to lodge an appeal with the
body’s Environmental Assessment Board.
The landmark GTE project, which is
expected to cost upwards of $2bn, is aimed at
delivering associated gas from oilfields in the
offshore Stabroek block to the onshore Wales
Development Zone. This gas will then be used
to generate electricity. Eventually, it may also
serve as feedstock for petrochemical and chem-
ical production.

Power infrastructure
The Guyanese government is heading up the
onshore portion of the project, while Exxon-
Mobil Guyana has agreed to construct the off-
shore facilities, including the pipeline that will ExxonMobil will lead the offshore portion of the GTE project (Image: ExxonMobil)

Guyana’s oil fund ends 2022

with balance of around $1.4bn

THE Bank of Guyana (BoG) has revealed that NRF in December, including a payment of
the country’s Natural Resource Fund (NRF) GYD17,474,119,367 ($83.659mn) received near
ended 2022 with a balance equivalent to about the end of the month for an oil lifting carried out
$1.38bn. in mid-November.
In a statement, the bank noted that the sov- Earnings from accumulated interest reached
ereign wealth fund’s balance had amounted to GYD875,348,000 ($4.191mn), it added, while
GYD297,387,552,000 ($1.38bn) as of Decem- royalties stood at zero.
ber 31, 2022. It also noted that the government It went on to say that Georgetown had made
had deposited some GYD49,698,273,000 a withdrawal from the NRF in December for the
($237.934mn) in oil export earnings in the purpose of supporting budget spending.

Week 02 11•January•2023 www. NEWSBASE .com P9