Guyana

Impact de la déplétion sur la géopolitique présente, passée et à venir.

Modérateurs : Rod, Modérateurs

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 11 juin 2021, 00:23

ExxonMobil makes new discovery at Longtail-3 offshore Guyana

By NS Energy Staff Writer 10 Jun 2021

The drilling encountered 230ft of net pay, including newly identified, high-quality hydrocarbon bearing reservoirs

ExxonMobil has announced new a discovery at Longtail-3 well, located around 3.5km south of the Longtail-1 well, in the Stabroek Block offshore Guyana.

The US-based firm has carried out the drilling at Longtail-3 well in more than 6,100ft of water, leveraging the Stena DrillMAX drillship.

The drilling encountered 230ft of net pay, including newly identified, high-quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.

Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering around 256ft of high-quality, oil-bearing sandstone reservoir.

ExxonMobil exploration and new ventures senior vice president Mike Cousins said: “Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana.

“We will continue to leverage our core competitive advantages in our ongoing exploration campaign, delivering substantial value to the Guyanese people, our partners and shareholders.”

ExxonMobil has deployed the Stena DrillMAX and the Noble Sam Croft drillships in the first quarter of 2021 to further explore and evaluate drilling activities offshore Guyana.
........................
https://www.nsenergybusiness.com/news/e ... -3-guyana/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 29 juil. 2021, 08:18

Exxon Makes Another Major Oil Discovery Offshore Guyana

By Tsvetana Paraskova - Jul 28, 2021

ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.

The Whiptail discovery in the Stabroek Block adds to more than a dozen discoveries on the block and the previous recoverable resource estimate of approximately 9 billion oil-equivalent barrels.

Whiptail, located southeast of Uaru and west of Yellowtail discoveries, could form the basis of another future development in the Stabroek Block, Exxon and Hess said.

“Whiptail is a significant new oil discovery that will add to the discovered recoverable resource estimate of approximately 9 billion barrels of oil equivalent and could underpin a future oil development in the southeast area of the Stabroek Block,” Hess Corporation’s CEO John Hess said in a statement.

ExxonMobil and Hess believe offshore Guyana could allow for at least six projects online by 2027 and see the potential for up to 10 projects to develop the current recoverable resource base in the waters of the South American country.

In less than five years, Exxon and its partners in the Stabroek Block made more than a dozen quality discoveries on the block, making Guyana the newest oil-producing nation in December 2019.

The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil—has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali said earlier this year. Liza Phase 1 currently produces 120,000 bpd, Exxon said today.

The Liza Phase 2 Project is designed to pump up to 220,000 bpd with a floating, production, storage, and offloading vessel (FPSO), and remains on target for early 2022, Exxon says.

Guyana is one of the top priorities in the U.S. supermajor’s strategy to focus on high-return and cash-generating projects that would allow it to grow its dividend through 2025.
https://oilprice.com/Energy/Crude-Oil/E ... uyana.html

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 29 août 2021, 11:43

Le Guyana cherche des partenaires pour développer un barrage de 165 MW à Amaila Falls
Guyana seeks partner to build Amaila Falls Hydropower project

Hydropower & Dams July 30, 2021

The Government of the Republic of Guyana is seeking a partner to develop the 165 MW Amaila Falls hydro project, to help meet projected demand from 2026 and integrate sustainable and cheaper electricity into the grid, as part of a low-carbon development strategy

Requests for Proposals (RfPs) are invited by 26 September to develop the project, on the Kuribrong river, a tributary of the Potaro river, in the western region of Cuyuni-Mazaruni, either on the basis of a 20-year BOOT concession or on a design-build-finance (DBF) basis, according to a notice announced by the Office of the Prime Minister on 23 July.

The scope of work includes:

- a dam, 165 MW hydro plant, and related works;
- creation of a 23 km2 storage reservoir consistent with the environmental studies;
- a 270 km-long, double-circuit 230 kV transmission line from Amaila to Sophia, Georgetown;
- 230 kV substations in Linden and Sophia, and upgrades and completion of roads and bridges to the site (85 km of new roads and 122 km of existing roads).
- The Government of Guyana (GoG) intends for construction work to begin in the second half of 2022 for commissioning by the end of 2025.

Further details of the project (technical and economic aspects) and how it will fit in with Guyana’s national expansion plans, appear in Issue 4 of Hydropower & Dams

The response to the RFP will be used to determine a capable partner that will be selected to work with the Government to complete the project based on

the timeframes stipulated; an ,
the lowest economic costs including life-cycle costs.
All pertinent information available from the Government will be made available via a secured website on completion of a confidentiality undertaking/non-disclosure agreement. Questions or clarifications should be received no later than ten working days before the closing deadline. A virtual workshop will be held no later than three weeks prior to the closing deadline. Interested parties should register via the Office of the Prime Minister. A registration fee of G$ 50 000 will be charged.
https://www.hydropower-dams.com/news/gu ... r-project/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 31 août 2021, 11:24

Maersk Drilling bien occupé au Guyana :
Maersk rig to drill further well for CGX offshore Guyana
CGX Resources Inc. has exercised a one-well option for the semisubmersible Maersk Discoverer.

Aug 30th, 2021

Image
The semisubmersible Maersk Discoverer.
(Courtesy Maersk Drilling)


CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp., has exercised an option to drill one additional exploration well offshore Guyana.

The work is expected to start in the first half of 2022 in direct continuation of the semisubmersible Maersk Discoverer’s contract with Shell offshore Trinidad.

With this option called, the Maersk Discoverer is fully booked throughout 2021 and part of 2022.

Maersk Drilling COO Morten Kelstrup said: “The region holds great potential and with our multiple active rigs in the area, we are well positioned to tap into the positive outlook for hydrocarbon developments in the Americas.”

The Maersk Discoverer is a DSS-21 column-stabilized dynamically positioned semisubmersible drilling rig. It is able to operate in water depths up to 10,000 ft (3,048 m).

The rig is currently drilling the Kawa-1 exploration well in the Corentyne block offshore Guyana for CGX. Following the contract with CGX, the rig will start a contract with BG International, a subsidiary of Shell, in Trinidad and Tobago.
https://www.offshore-mag.com/drilling-c ... ore-guyana

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 12 sept. 2021, 09:55

ExxonMobil announces discovery at Pinktail, offshore Guyana

le 10/09/2021

ExxonMobil said it made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high quality hydrocarbon bearing sandstone reservoir separate from the 75 feet (23 meters) of high quality, oil bearing sandstone reservoir pay encountered in the original Turbot-1 discovery well. This follows the additional pay in deeper reservoirs encountered at the previously announced Whiptail discovery. These results will be incorporated into future developments.

“These discoveries are part of an extensive well program in the Stabroek Block utilizing six drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “Our exploration successes continue to increase the discovered resource and will generate value for both the Guyanese people and our shareholders.”

Separately, the Liza Unity floating production storage and offloading (FPSO) vessel set sail from Singapore to Guyana in early September. The FPSO will be utilized for the Liza Phase 2 development and is expected to begin production in early 2022, with a capacity to produce approximately 220,000 barrels of oil per day. ExxonMobil anticipates at least six projects online by 2027 and sees potential for up to 10 projects to develop its current discovered recoverable resource base. The Liza Destiny FPSO vessel is currently producing approximately 120,000 barrels of oil per day.

The Pinktail discovery is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase 1 project, which began production in December 2019, and 3.7 miles (6 kilometers) southeast of Yellowtail-1. Pinktail was drilled in 5,938 feet (1,810 meters) of water by the Noble Sam Croft. The Turbot-2 discovery is located approximately 37 miles (60 kilometers) to the southeast of the Liza phase one project, and 2.5 miles (4 kilometers) from the Turbot-1 discovery announced in October 2017. Turbot-2 was drilled in 5,790 feet (1,765 meters) of water by the Noble Sam Croft.

The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
https://www.euro-petrole.com/exxonmobil ... -n-i-22708

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 12 sept. 2021, 10:08

Le FPSO Liza Unity est terminé et quitte Singapour pour le champs Liza au Guyana. C'est le second FPSO au Guyana.
Second Liza FPSO sets sail for Guyana
The FPSO Liza Unity has departed Keppel Shipyard in Singapore and is heading to the Liza field offshore Guyana, according to SBM Offshore.

Sep 9th, 2021

Image
The FPSO Liza Unity sets sail for Guyana. (Courtesy SBM Offshore)

The FPSO Liza Unity has departed Keppel Shipyard in Singapore and is heading to the Liza field offshore Guyana, according to contractor SBM Offshore.

The vessel is expected to arrive in Guyana late this year.

The Liza Unity will be used for the ExxonMobil-operated Liza Phase 2 development. It will be moored in 1,600 m (5,249 ft) of water. Production is expected to start in early 2022.

The FPSO is designed to produce about 220,000 b/d of oil, to have associated gas treatment capacity of 400 MMcf/d, and water injection capacity of 250,000 b/d. It will be able to store around 2 MMbbl of crude oil. The vessel has 19 topsides modules.
.........
https://www.offshore-mag.com/rigs-vesse ... for-guyana

3mn de vidéo dans le lien

Image

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 10 oct. 2021, 10:37

Exxon annonce que sa vingtaine de découvertes dans le bloc Stabroek porte à 10 milliards de baril la ressource de Stabroek.
ExxonMobil raises Stabroek block resource estimate to 10bn barrels

By NS Energy Staff Writer 08 Oct 2021

The offshore Guyanese block operated by ExxonMobil has so far seen more than 20 significant discoveries


ExxonMobil has raised its estimate of the discovered recoverable resource for the Stabroek block in Guyanese waters to nearly 10 billion oil-equivalent barrels.

The estimate was revised following the inclusion of the new discovery made by the Cataback-1 well.

Other than Cataback, more than 20 significant discoveries have been made in the offshore block so far by the US-based energy firm and its partners Hess Guyana Exploration and CNOOC Petroleum Guyana.

Hess CEO John Hess said: “We are pleased that Cataback is our 21st significant discovery on the Stabroek Block and further underpins the potential for future developments. We continue to see multibillion barrels of additional exploration potential remaining on the block.”

The previous estimate of the Guyanese block was over nine billion barrels of oil equivalent.

The latest discovery, Cataback was made after the exploratory well intersected 74m of net pay in high quality hydrocarbon bearing sandstone reservoirs. The Cataback-1 well was drilled in 5,928ft of water depth by the Noble Tom Madden drill ship.

The well is located nearly 6km east of the Turbot-1 well.

ExxonMobil exploration and new ventures senior vice president Mike Cousins said: “This discovery adds to the resource in the Turbot/Tripletail area, enhancing the development project potential.

“Our proprietary technologies, global exploration experience and drilling capabilities continue to yield positive results in the Stabroek Block, which will generate additional value for Guyana.”

ExxonMobil said that the recent discoveries along with the ongoing projects in Stabroek Block continue to help advance the Guyanese economy. The energy firm said that over 2,850 Guyanese are currently supporting its project activities.

The Stabroek Block, which spans 6.6 million acres, is operated by ExxonMobil (45%). Hess Guyana Exploration has a 30% stake, while CNOOC Petroleum Guyana holds the remaining 25% interest.

The oil find at Cataback follows the Pinktail discovery made by the partners last month. The Pinktail well had intersected 67m of net pay in high quality oil bearing sandstone reservoir.
https://www.nsenergybusiness.com/news/e ... -estimate/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 20 oct. 2021, 23:10

Guyana Looking To Build 135-Mile Subsea Gas Pipeline

by Bloomberg|Kevin Crowley|Wednesday, October 20, 2021

Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy.

Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-kilometer (135-mile) pipeline will be built, according to Peter Ramsaroop, chief executive officer of GoInvest, a Guyana government agency that encourages foreign direct investment. Financing the project is still being worked out, he said.

“The start date of laying the pipe is now being finalized, but the decision has already been made,” Ramsaroop said in an interview. “Guyana must have the gas and hydropower to be able to bring a competitive economy to the point where we can depend on our own energy to deliver our goods and services.”

Guyana’s new energy wealth has already made it one of the world’s fastest-growing economies, with the International Monetary Fund forecasting gross domestic product expanding 20% this year. Still, electricity in the tiny country with a population of about 750,000 is expensive and unreliable because it’s largely generated by burning imported fuel oil and distributed via an aging transmission system.

The government sees an opportunity to change that through Exxon Mobil Corp.’s massive offshore oil developments. The discoveries, pegged at 10 billion barrels of oil equivalent, also contain vast amounts of natural gas, which government officials want to utilize for power generation.

Exxon “expects to make significant progress over the next few years in cooperation with the Government of Guyana to advance a gas-to-energy project,” it said in a statement. The pipeline would transport about 50 million standard cubic feet a day of gas from the company’s Liza Phase 1 and 2 oil projects, it said.

Cheap and reliable power would open up economic opportunities for more manufacturing, agriculture, and mining, which are vital if Guyana is to develop a diversified economy that can outlast its oil resources, Ramsaroop said. Guyana is on the lookout for foreign investment that would help build hydropower generation, bridges, and expand its agricultural land use, he said. The country also wants to build a deepwater port capable of exporting crops and manufactured goods from the region.

Guyana is aiming to “build that infrastructure foundation that allows our known industries to be modernized and expanded,” Ramsaroop said. “Investors looking at Guyana today are really looking at the wider corridor of northern Brazil, Suriname, Guyana, and even French Guyana.”

Ramsaroop is visiting Expo 2020 Dubai this week with Guyanese President Irfaan Ali as they seek to forge new trade links as a result of the country’s oil boom. Local company Global Infrastructure Solutions Guyana Inc. signed a deal with Unidome Global DWC LLC of the United Arab Emirates to build a manufacturing facility for construction materials in the South American country.
https://www.rigzone.com/news/wire/guyan ... 0-article/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 27 oct. 2021, 08:20

Vallourec signe un contrat-cadre pour la fourniture de tubes sans soudure au Guyana

Boursier.com 26 oct 2021

Vallourec annonce aujourd'hui avoir signé un important contrat-cadre d'une durée de 10 ans avec Esso Exploration and Production Guyana Limited (EEPGL), filiale d'ExxonMobil, l'une des plus grandes entreprises internationales du secteur de l'énergie, pour la fourniture de produits linepipe au Guyana.

Cet accord définit les bases techniques et commerciales permettant la fourniture sur le long terme de tubes linepipe nécessaires aux futurs projets de développement des champs pétroliers et gaziers d'EEPGL dans ce bassin stratégique. EEPGL opère le bloc Stabroek (26 800 km2) sur lequel environ 10 milliards de barils équivalent pétrole ont été découverts depuis 2015.

Vallourec se positionne ainsi comme fournisseur stratégique de tubes sans soudure pour les futurs projets de construction de conduites d'écoulement (flowlines) et de colonnes de montée (risers) sous-marines au Guyana. Les produits linepipe de Vallourec sont fabriqués selon les exigences de tolérances les plus strictes requises pour les installations de pipelines en eau profonde.

Le Groupe propose une gamme variée de grades d'acier pour répondre aux besoins des projets offshore les plus exigeants, dont le grade X80, adapté aux environnements corrosifs en eaux profondes. Cet acier innovant, développé par les experts de Vallourec, offre d'excellentes propriétés mécaniques tout en garantissant une bonne soudabilité et résistance à la corrosion.

Edouard Guinotte, Président Directeur Général de Vallourec, a déclaré : "Je suis heureux de ce contrat significatif en linepipe remporté avec ExxonMobil, notre partenaire et client historique. Le Guyana, est, au même titre que le Brésil, l'une des régions phare de notre secteur, et, grâce aux choix que nous avons faits et à la compétitivité de nos routes industrielles, nous sommes à même de servir les projets les plus importants de la zone."

"Je tiens à remercier ExxonMobil pour sa confiance et à féliciter toute l'équipe projet de Vallourec, qui s'est attachée à présenter une offre sur-mesure intégrant le meilleur de notre Recherche & Développement, et pourra ainsi accompagner de manière optimale tous les projets à venir, sans jamais perdre de vue l'excellence dans l'exécution", a conclu Edouard Guinotte.

Vallourec servira son client à partir de sa base brésilienne, composée de deux usines ultra-performantes et compétitives, situées à Jeceaba et Barreiro (Minas Gerais), bénéficiant de larges capacités de production permettant de répondre aux volumes conséquents attendus par EEPGL pour ses futurs projets au Guyana.
https://www.msn.com/fr-fr/finance/other ... hp&pc=U531

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 28 oct. 2021, 23:54

suite de 4 posts au dessus.
Exxon Liza Unity FPSO Arrives In Guyana

by Bojan Lepic|Rigzone Staff|Thursday, October 28, 2021

ExxonMobil’s Liza Unity floating production, storage, and offloading (FPSO) vessel has arrived at the Stabroek Block offshore Guyana.

The vessel arrived in Guyana on Monday. The production from the Liza Phase 2 development is on track to start in early 2022. The FPSO started its journey from Singapore to Guyana last month.

Image
ExxonMobil’s Liza Unity FPSO vessel has arrived at the Stabroek Block offshore Guyana.

..................
https://www.rigzone.com/news/exxon_liza ... 3-article/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 12 nov. 2021, 22:49

Le premier FPSO a produit 124 000 baril par jour.
il s'agit du FPSO Liza Destiny, voir ce post viewtopic.php?p=2290958#p2290958 de il y a deux ans.

Le second FPSO qui est arrivé sur place devrait produire 220 000 b/j à commencer début 2022.

Le troisième est en construction à Singapour. Première production en 2024.

Le quatrième est en projet. Un cinquième est prévu.
Exxon in talks to build fourth oil production rig for Guyana

By Sabrina Valle and Neil Marks Nov 11, 2021

Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.

The talks include the potential for some future platform assembly in Guyana, the people said. Guyana hopes to develop an oil industry infrastructure to boost the economy and job growth. Officials are under pressure to show the potential oil bonanza will be shared with its citizens.

The South American country is home to the world's biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas. Guyana kicked off production in 2019 and is rushing to draft oil legislation and establish regulatory bodies for the industry. An Exxon-led consortium is responsible for all output in the country.

Discussions include potential made-in-Guyana requirements to build part of future production units, Guyana's vice president, Bharrat Jagdeo, told Reuters.

"We are hoping that more and more of the components could be fabricated in Guyana," Jagdeo said this week.

Spokespeople for Exxon and SBM Offshore declined to comment.

Exxon could choose a platform builder within six months, one of the people said. Vessels similar in size to the proposed facility cost around $2.5 billion to $3 billion.

Netherlands-based SBM has been awarded Exxon contracts to build Guyana's first three floating production storage and offloading (FPSO) vessels, as such units as called. Most of the construction has taken place in Singapore.

OIL FRONTIER

Exxon has said it sees potential for installing 10 FPSOs in its massive Stabroek oil block, which encompasses 6.6 million acres (27,000 square km) off Guyana's coast. The first six vessels could pump more than 1 million barrels of oil and gas per day (bpd) by 2027, consortium member Hess Corp (HES.N) said last month.

The group's first FPSO produced 124,000 bpd in the third quarter, Hess said. A second floating platform that can produce 220,000 bpd arrived in October, with initial output due early next year.

SBM has started building the third vessel in Singapore, with output from it expected in 2024. The fourth vessel is aimed at producing 250,000 bpd starting in 2025, pending government approval and project sanctioning, Hess said.

Starting with the fifth FPSO, Exxon is expected to organize bids and open competition for contractors, welcoming new builders to one of the world's largest offshore markets, one of the people familiar with the talks said.

LOCAL JOBS

In February, Guyana's Ministry of Natural Resources released the first draft of a local content policy to set standards for using workers and contractors on future projects. A new version of the bill with less ambitious targets is expected to be presented in Parliament in the coming weeks and put to a vote by year-end, according to Americas Market Intelligence (AMI), a consultancy specializing in Latin America.

"I don't have any doubt it will be approved. The question is the percentage they will agree on," said Arthur Deakin, an analyst with AMI.

The country plans an auction for new blocks by the third quarter of 2022, in a separate initiative to bring in new producers that could reduce the Exxon group's dominance of Guyana's oil sector.

Guyana "is going towards a more open system" for exploration rights to oil producers, Deakin said.

"It'd be only natural that future contractual services follow the same path," he said.
https://www.reuters.com/business/energy ... 021-11-11/

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 02 déc. 2021, 00:03

Le Guyana passera la barre du million de baril extrait par jour probablement avant 2028.
Guyana To Become The 11th Country To Produce Over 1 Million Bpd

By Matthew Smith - Nov 30, 2021

Image

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade its resources estimate for the block from 9 billion to 10 billion barrels of oil equivalent. The energy supermajor’s success in offshore Guyana sees it forecasting that it will be pumping over 800,000 barrels of light (32° API gravity) sweet (0.58% sulfur content) crude oil per day by 2026. There are signs that Guyana’s oil boom is gaining greater momentum with other international energy companies expressing interest in developing operations in the country. This comes at a time when considerable headwinds regarding the outlook for crude oil exist, including the demand threats posed by the COVID-19 pandemic, the looming arrival of peak oil demand and growing climate change pressures.

Despite the risks, Guyana is an attractive jurisdiction for energy companies to operate in because of high-quality crude oil, low breakeven prices and a favorable regulatory environment. The Stabroek Block consortium, led by Exxon, was able to secure a production sharing agreement with Georgetown that has an incredibly low royalty rate of a mere 2%, far lower than any other jurisdiction in South America. Guyana’s government is also on the hook to reimburse the consortium for all development costs, operating expenses, estimated abandonment costs and interest expenses. That is a very lucrative deal for Exxon, Hess and CNOOC, with it expected to be a major contributor to earnings for those energy companies as production in the Stabroek Block ramps up, to 1 million barrels per day or more before the end of the decade.

In response to concerns over the favorable terms secured by Exxon and its partners in the Stabroek Block the government of President Irfaan Ali has promised to scrutinize how oil agreements are conferred. Georgetown also recently announced it would review the costs claimed by Exxon for its operations in the Stabroek Block, as part of its strategy to ensure that Guyana’s interests are safeguarded. Due to the furor over the rights and production sharing agreements given to Exxon and its partners, Georgetown is implementing a process for auctioning oil blocks which will commence during the third quarter 2022. That is in stark contrast to the previous system, undertaken with the Exxon-led consortium, where Georgetown negotiated directly with energy companies to award oil block contracts. Guyana’s government has indicated that it intends to offer new hydrocarbon acreage and existing blocks that were relinquished by earlier operators for failing to meet contractual obligations including exploration obligations. The new licenses to be granted by Georgetown will have a 10-year life span with terms expected to be significantly less favorable than the 2016 deal signed with the Exxon-led consortium for the Stabroek Block. Given the considerable furor surrounding the Stabroek deal, Guyana’s government has flagged that it may choose to exclude Exxon as well as its partners in the Stabroek Block, Hess and CNOOC, from the process. If that occurred, it would not have any material impact on Exxon which has already secured rights to the Canje and Kaieteur offshore blocks where it is the operator and holds a 35% and 30% interest, respectively. Nonetheless, the energy supermajor, despite drilling a number of dry wells across both blocks, has failed to achieve the success it has enjoyed with the Stabroek Block.

The planned auction, along with revised agreements that are more favorable toward the former British colony, will add further momentum to an oil boom that has generated tremendous benefits for Guyana. In 2020 the IMF found that the impoverished South American country’s gross domestic product soared by a notable 43.5% when it sharply contracted for every other country on the continent because of the pandemic. The IMF has forecast that Guyana’s GDP will expand yet again during 2021 by an impressive 20.4%. Georgetown, regardless of the considerable concerns expressed regarding the detrimental nature of the contract with Exxon and its partners, including the loss of a considerable portion of revenue, has earned considerable fiscal income from crude oil sales. The government received $388 million from the sale of just over 7 million barrels of crude oil which began in February 2020 after the 120,000 barrel per day capacity Liza Phase One oilfield in the Stabroek Block started production in December 2019. The newly announced oil auction will go a long way to advancing Guyana’s plans to become a major global oil producer and exporter. Energy consultancy Wood Mackenzie in a 2020 report predicts that Guyana will be pumping on average over 1.1 million barrels of crude oil per day by 2028, making it only the 11th country in the history of oil to reach the one million barrels per day milestone. There is every likelihood that Guyana will exceed that projected target.

The development activities and production are only in their infancy in the prodigious Stabroek Block, where Exxon has made 23 high-quality oil discoveries and is now eyeing the development of the Yellowtail project. This, which comprises the Yellowtail-1, Yellowtail-2, and Redtail-1 discoveries, will involve the drilling of 41 to 67 wells and will add 250,000 barrels per day of capacity when it comes online by late 2025 or early 2026. While the project is at the approval stage, with the final investment decision expected in early 2022, Exon has already awarded the construction of the FPSO to SBM Offshore. When the facility commences operations in late-2025 or early-2026 it will add 250,00 barrels of capacity to Exxon’s production from the Stabroek Block, potentially taking its oil output to over 1 million barrels per day further bolstering the likelihood that Guyana will become a major global oil producer. That will boost the impoverished South American country’s economy and sustain elevated levels of GDP growth for a prolonged period.
https://oilprice.com/Energy/Crude-Oil/G ... Per-D.html

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 31 déc. 2021, 18:39

Le Guyana va mettre un fond souverain alimenté par les revenus du pétrole :
Guyana Votes To Set Up Oil Wealth Fund

By Tsvetana Paraskova - Dec 31, 2021


The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Act that will govern a sovereign wealth fund managing the proceeds from oil.

The Parliament also passed the so-called local content bill requiring foreign companies to ensure they use Guyanese individuals and companies for everything from catering services to accounting by the end of next year.

The sovereign wealth fund currently stands at US$534 million, Guyana says, and notes that the bill to amend the Natural Resource Fund Act “also contains several provisions to ensure transparency, proper governance, and accountability.”

“Guyana is a resource rich, underdeveloped economy. Oil revenue is a bonus to accelerate Guyana’s economic transformation, modernization, diversification, and development over the next decade,” said the Guyana Oil and Gas Energy Chamber, which backed the bill.

One of South America’s poorest countries, Guyana, became a major holder of oil and gas reserves in 2015 when ExxonMobil found oil in its waters in what turned out to be a block with resources estimated at 10 billion oil-equivalent barrels and counting.

Now Guyana wants to capitalize on the large oil and gas discoveries over the past half-decade to build up an economy powered by its own energy resources.

The South American nation became a crude oil exporter in early 2020, thanks to Exxon’s huge discoveries offshore Guyana. Over the past two years, the U.S. supermajor and Hess Corp, its partner in the prolific Stabroek Block, have made a dozen more discoveries, while the Liza Phase 1 project is very profitable for the oil corporations and for Guyana.

Liza Phase 1 and 2 developments break even at around $35 a barrel and $25 per barrel Brent, respectively, Hess says. Liza Phase 2 start-up is expected in the middle of 2022 via a floating, production, storage and offloading vessel (FPSO) designed to produce up to 220,000 barrels of oil per day (bpd).
https://oilprice.com/Latest-Energy-News ... -Fund.html

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 05 janv. 2022, 23:38

ExxonMobil Announces Two New Oil Discoveries In Guyana

By Charles Kennedy - Jan 05, 2022, oilprice.com

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S. supermajor said on Wednesday.

Exxon struck high-quality oil and hydrocarbon-bearing sandstone reservoirs at the Fangtooth-1 and Lau Lau-1 wells in the block off Guyana, which continues to be one of the U.S. corporation’s priority exploration and production areas for the next few years.

“Both discoveries increase our understanding of the resource, our continued confidence in the block’s exploration potential, and our view that the many discoveries to date could result in up to 10 development projects,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.

Since 2015, when it first struck oil offshore Guyana, Exxon has made more than 20 discoveries in the waters of the South American nation.

Now Guyana wants to capitalize on the large oil and gas discoveries over the past half-decade to build up an economy powered by its own energy resources.

The South American nation became a crude oil exporter in early 2020, thanks to Exxon’s huge discoveries offshore Guyana. Over the past two years, the U.S. supermajor and Hess Corp, its partner in the prolific Stabroek Block, have made a dozen more discoveries, while the Liza Phase 1 project is very profitable for the oil corporations and for Guyana.

Liza Phase 1 and 2 developments break even at around $35 a barrel and $25 per barrel Brent, respectively, Hess says. Liza Phase 2 start-up is expected in the middle of 2022 via a floating, production, storage and offloading vessel (FPSO) designed to produce up to 220,000 barrels of oil per day (bpd).

Exxon also said today that the hull for the Prosperity FPSO vessel, the third project on the Stabroek block at the Payara field, is complete, and topside construction activities are ongoing in Singapore for planned production start-up in 2024. The Field Development Plan and Environmental Impact Assessment for the fourth potential project, Yellowtail, have been submitted for government and regulatory review.
https://oilprice.com/Latest-Energy-News ... uyana.html

Avatar de l’utilisateur
energy_isere
Modérateur
Modérateur
Messages : 89516
Inscription : 24 avr. 2005, 21:26
Localisation : Les JO de 68, c'était la
Contact :

Re: Guyana

Message par energy_isere » 16 févr. 2022, 09:05

Démarrage de la production du second développement de Exxon en offshore au Guyana, avec le FPSO Liza Unity arrivé en Octobre (voir plus haut)

La production des deux premiers projet se monte maintenant à 340 000 barils par jour.
ExxonMobil Starts Production From Second Development Off Guyana

by Bojan Lepic|Rigzone Staff|Monday, February 14, 2022

Supermajor ExxonMobil has started production from Guyana’s second offshore oil development on the Stabroek Block – Liza Phase 2 – bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery.

It adds to the more than 120,000 barrels per day of capacity at the Liza Destiny FPSO, which began production in December 2019 and is now delivering at what Exxon described as ‘better than design’ capacity. The Stabroek Block’s recoverable resource base is currently estimated at more than 10 billion oil-equivalent barrels.

“We are collaborating closely with the government and people of Guyana to develop this world-class resource responsibly, helping to meet the world’s energy needs and delivering enhanced value for all stakeholders at a record pace and well ahead of the industry average,” said Liam Mallon, president, ExxonMobil Upstream Oil and Gas. “With unparalleled project execution, we now have two production facilities operating offshore Guyana.”

The current resource has the potential to support up to 10 projects. ExxonMobil anticipates that four FPSOs with a capacity of more than 800,000 barrels per day will be in operation on the Stabroek Block by year-end 2025.

Payara, the third project in the Stabroek Block, is expected to produce approximately 220,000 barrels of oil per day using the Prosperity FPSO vessel, which is currently under construction. The field development plan and application for environmental authorization for the Yellowtail project, the fourth project in the block, have been submitted for government and regulatory approval.

Exxon added that the timely development of these additional projects and continued exploration success offshore would enable the steady advancement of Guyanese capabilities and enhanced economic growth.

More than 3,500 Guyanese are now supporting ExxonMobil’s activities in Guyana. ExxonMobil and its direct contractors spent approximately $219 million with more than 880 local suppliers in 2021, a 37 percent year-over-year increase.

The Liza Unity arrived in Guyana in October 2021. It is moored some 125 miles offshore Guyana in a water depth of about 1,650 meters and will be able to store around 2 million barrels of crude. The Liza Unity is the world’s first FPSO to be awarded the Sustain-1 notation by the American Bureau of Shipping in recognition of the sustainability of its design, documentation, and operational procedures.

In a separate announcement, SBM Offshore stated that the FPSO Liza Unity has produced first oil on February 11, 2022, and was formally on hire.

The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s Fast4Ward program which incorporates the company’s new build, multi-purpose floater hull combined with several standardized topsides modules.

“We are proud of the fact that FPSO Liza Unity has started production. The FPSO, with its relatively low emission intensity, will enable the efficient production of these world-class oil reserves. The combined client and SBM Offshore team that delivered this project have done an outstanding job,” Bruno Chabas, CEO of SBM Offshore, said.

“The FPSO was delivered in three and a half years following the start of the engineering phase, which is a significant achievement. It demonstrates the added value our Fast4Ward® concept brings to all stakeholders,” Chabas added.
https://www.rigzone.com/news/exxonmobil ... 8-article/

Répondre