As the Government of Guyana aggressively pushes for more natural gas developments, oil giant ExxonMobil is expected to seek environmental authorisation for a second gas-to-energy project soon.
This was confirmed by the President of ExxonMobil Guyana, Alistair Routledge, on Wednesday at the ongoing Guyana Energy Conference and Supply Chain Expo.
The announcement comes after the company studied the offshore gas resources and crafted some development concepts. The Irfaan Ali-led administration has said that the ancient county, Berbice, could undergo rapid transformation with a second gas-to-energy project there.
Now, there is greater confidence backing this pursuit.
“A signal that we are growing in confidence over that project is that we anticipate that in the coming weeks, the next couple of months, we will likely submit a request for an environmental authorisation for the second gas project in the southeast part of the Stabroek Block,” Routledge told the conference.
He added that the company is working alongside the government as industrial development takes shape in Berbice. It is expected that a deep-water port, industrial zones, and other major infrastructure projects like a data centre and ammonia plant will be constructed there; there is also interest in working with neighbouring Suriname on a gas development venture.
The Exxon official also revealed how serious government officials are about this venture. Routledge said President Ali has a “stiff target” of this project materialising by 2030.
At last year’s energy conference, Routledge confirmed that significant gas reserves were found. On the opening day of this year’s conference, ExxonMobil Upstream Company and Vice President of ExxonMobil Corporation, Dan Ammann, said the company is ready to match the government’s pace of development.
Guyana has become a global oil hotspot with more than an estimated 11 billion barrels of oil equivalent resources in the giant Stabroek Block offshore. Though several oil projects are unfolding, recent appraisal work has shown that there are substantial natural gas resources too. Already, about 50 million cubic feet per day (mcf/d) of gas will be supplied to the mega energy project at Wales, West Bank Demerara, which will then generate power.
The government has been aggressively pushing this project, as it will provide cheaper, cleaner, and more reliable energy to Guyana, remedying some of the issues the country has long been beset by.
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