GEORGETOWN, Guyana, CMC—Alistair Routledge, President of ExxonMobil Guyana, stated on Wednesday that the oil and gasoline firm working the Stabreok Block is transferring in the direction of extracting at the very least one billion cubic toes of pure gasoline every day along with its 250,000 barrels of crude oil from the Longtail undertaking.
“The gasoline, being that is extra of a gasoline growth, we anticipate could possibly be multiple billion cubic toes per day of gasoline dealing with capability,” he advised a information convention, including, “The Longtail undertaking remains to be a bit of bit early within the strategy of being finalized, however we anticipate it could possibly be as excessive as 250,000 barrels per day for manufacturing capability for the liquids”.
The ExxonMobil-led consortium is already producing about 650,000 barrels of oil every day at three tasks within the Stabreok Block; oil manufacturing at a fourth undertaking, Yellowtail, ought to begin later this 12 months and hike Guyana’s every day oil manufacturing to about 900,000 barrels per day.
Longtail would be the eighth undertaking the corporate pursues within the big Block, situated roughly 120 miles offshore Guyana.
Routledge advised reporters that the Area Growth Plan (FDP) could be submitted in 2026 and comprise particulars however wouldn’t elaborate on prospects for Longtail’s gasoline utilization, solely saying that it could be to “the most effective advantage of the nation.”
He stated ExxonMobil has already submitted its request for environmental authorization to Guyana’s Environmental Safety Company (EPA).
Wanting forward, Routledge stated Hammerhead’s manufacturing would vary between 130,000 and 180,000 barrels per day. The undertaking’s FDP would additionally comprise particulars.
He additionally stories that ExxonMobil has but to obtain approval from the Ministry of Pure Assets and the Environmental Safety Company (EPA) to optimize manufacturing to 260,000 barrels per day from the Payara and Liza 2 wells.
Routledge stated a workforce just lately inspected the Floating Manufacturing, Storage, and Offloading (FPSO) vessels to make sure security ought to the inexperienced mild be granted to extend outputs past the vessels’ nameplate capacities.
“They just lately and to confirm that, certainly, we’ve got all the security measures in place that we’ve got been working to guarantee, so we’re ready for a follow-up, however in our thoughts, we’ve accomplished all the security evaluation. We’ve made some modifications to the amenities. There’s extra capability to be given, significantly on the Prosperity vessel,” he stated.
The Guyana authorities and ExxonMobil have been working to find out what different gasoline monetization alternatives exist. Georgetown chosen Fulcrum LNG, a United States-based firm, to work with the federal government and an ExxonMobil-led consortium to evaluate how greatest to monetize pure gasoline assets.
Nevertheless, Routledge advised reporters that his firm shouldn’t be actively engaged with Fulcrum. “We’re targeted on understanding the assets and, on the identical time, doing our work on growing a marketplace for Guyana,” he stated.
