Page 14 - AsianOil Week 44 2020

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consideration and potential inclusion in Viet- Hess went on to say that the break-even
nam’s National Power Development Plan (PDP). price for the three sections of Stabroek that have
Hai Phong City, for its part, has submitted a letter been green-lighted for development – Liza-1,
of recommendation to include power demand Liza-2 and Payara – was $25-35 per barrel of
with potential locations of power plants and Brent crude. These fields are “world-class by any
LNG import infrastructure. The submissions measure,” he remarked. Second, Guyana’s gov-
are awaiting government approvals. ernment is in negotiations with ExxonMobil and
Separately, the second train at Chevron’s Gor- its partners for the supply of associated gas to the
gon LNG project remains offline, but the company domestic market. According to Vice-President
said in its third-quarter earnings call that weld Bharrat Jagdeo, Georgetown is seeking fuel for a
repairs and testing on the train had been com- gas-to-power project and hopes to use associated
pleted. Chevron is now preparing to restart LNG gas from Stabroek to fire a new 300-MW thermal
production from the train in the second half of power plant (TPP).
November. The super-major anticipates taking The plant is due to begin operations in 2023 and
Train 1 offline to inspect its propane heat exchang- will receive gas via a pipeline originating at the Liza
ers for similar weld quality issues shortly after Train field. The government wants to select a landing
2 is back in service. A similar approach will be taken site for this pipe before the end of the year and will
with Train 3 after Train 1 is back online following begin construction at that site in 2021, said Natural
inspections and – if necessary – repairs. Resources Minister Vickram Bharrat.

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the global LNG sector then please click here for the Latin American oil and gas sector then please click
NewsBase’s GLNG Monitor. here for NewsBase’s LatAmOil Monitor.
LatAmOil: Busy in Guyana MEOG: Pipeline headlines
The US super-major ExxonMobil and its part- In the Middle East this week, headlines were
ners in the Stabroek block offshore Guyana have grabbed by two pipeline explosions – one
had a busy week. an attack, the other apparently an accident
First, the group has raised its reserve esti- – and border talks between quarrelling
mate for the block. US-based Hess, a non-op- neighbours.
erating investor in the project, said last week The Kurdistan Regional Government
that the reserve estimate for Stabroek had (KRG) in Erbil stated over the weekend that it
been raised from 8bn barrels of oil equivalent had halted oil exports following an attack on a
to 9bn boe following the new finds made at pipeline carrying crude to the Turkish border
Uaru, Redtail and Yellowtail-2 this year. John and onwards to the port of Ceyhan. The PKK
Hess, the CEO of Hess, said during a quarterly group claimed responsibility for the attack
conference call that the partners might even- on the Kirkuk-Ceyhan pipeline, which has a
tually deploy 10 floating production, storage theoretical throughput capacity of 1.6mn bar-
and off-loading (FPSO) vessels at the block. rels per day, but had been operating at around

P14 www. NEWSBASE .com Week 44 05•November•2020