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It will install a floating production, storage and off-loading (FPSO) vessel with a capacity of 275,000 barrels per day (bpd) there.
Dean Slocum, Acorn International’s presi- dent, expressed satisfaction with the contract award. “Acorn International is proud that our team was selected to lead the EIA and public consultation programme for the Uaru pro- ject,” Slocum said. “We look forward to bring- ing our team’s deep experience in initiating a robust public consultation programme to build awareness of this important project and actively engage all parties who may be affected.”
The consultancy’s statement serves to con- firm a statement that ExxonMobil’s in-country projects manager Anthony Jackson made in June during a public scoping meeting in Guy- ana. Jackson named Acorn International as EEPGL’s chosen contractor for the EIA at that event.
For her part, Grace Russell, an environmen- tal consultant at Acorn International, stated at the same meeting that her company had been selected by EEPGL to conduct the study. She also reported that the consultancy had been authorised by Guyana’s Environmental Protec- tion Agency (EPA) to execute the project, which will focus on the Uaru project’s effects on the lives of the company’s employees and the sur- rounding population.
This will be Acorn International’s first round of environmental research work at Stabroek. EEPGL hired another firm – Environmental Resources Management (ERM), the largest global sustainability consulting firm – to con- duct environmental studies for the Liza 1, Liza 2, Payara and Yellowtail oilfields, the first four developments at the block.
Stabroek, located offshore Guyana, contains more than 11bn barrels of oil equivalent (boe) in recoverable resources. It is being developed by a consortium that includes ExxonMobil, the operator, with 45%; Hess, a US-based independ- ent, with 30%; and state-run China National
Offshore Oil Corp. (CNOOC), with 25%. ExxonMobil and its partners have already made more than 25 commercial discoveries at Stabroek since they first struck oil at Liza in
2015.
The group launched production at Liza-1,
their first development target, in December 2019 and then brought Liza-2, the second devel- opment target, on stream in February 2022. The third target, Payara, will follow suit in late 2023 and Yellowtail, the fourth, in 2025. Uaru, the fifth, may begin production in late 2026.™
Guyana’s president expects gas to cut regional power generation costs by 40%
GUYANA’S President Irfaan Ali said on August 4 that natural gas had the potential to reduce electricity generation costs in the Caribbean region by approximately 40%. He was speaking during his keynote address at the International Solar Alliance’s Fourth Regional Committee Meeting for Latin America and the Caribbean.
“Here comes a big opportunity for the region ... I would be very disappointed if the leaders of the region would say to us that they are not going
to unlock the opportunity – and this is the real opportunity for transition,” President Ali said.
Guyana is currently dependent on thermal power plants (TPPs) that burn residual fuel oil (RFO) and generators that burn petroleum products for electricity. However, its govern- ment plans to implement a landmark Gas-to- Energy (GTE) project that aims to reduce power generation costs, while also bolstering energy security and minimising carbon emissions.
Uaru and Mako lie to the east of the Liza oilfield (Image: Hess)
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