As Guyana prepares for presidential elections this year, ExxonMobil says its focus in on long-term collaboration with the South American country and working with whichever administration is voted into office.
Speaking at the Guyana Energy Conference and Supply Chain Expo last month, President of ExxonMobil Guyana, Alistair Routledge, assured that the company will continue working closely with the duly elected government.
“We take a long-term perspective. Our job is to work with whichever administration is voted in and to ensure that it’s a collaborative relationship, it honours past commitments, and also that it ensures the long-term attractiveness of this location for future investment,” he said.
Guyanese are expected to go to the polls in November.
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Routledge’s comments came as part of an exclusive interview with Argus Media where he also provided updates on the company’s operations in Guyana. ExxonMobil is eyeing eight projects in the Stabroek Block, which will drive production growth in the coming years. The company’s prospecting license for the block has two and a half years remaining, leaving the door open for more projects.
Routledge also discussed ExxonMobil’s involvement in shallow-water and deepwater blocks. The company participated in the 2022 licensing round and was awarded the S8 block alongside partners Hess and CNOOC, with ongoing discussions to finalize a petroleum agreement with the Guyana government.
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ExxonMobil also relinquished its interest in the Kaieteur Block after evaluating its prospects but still holds equity in the Canje Block, where it continues to assess drilling data.
The company’s new office in Georgetown will feature state-of-the-art digital control room technologies linked to a fiber optic network, enhancing onshore operations. “Starting from April, we’ll start getting those control rooms up and running and, more gradually, migrate the control room operators from offshore to actually operating 24/7 from onshore,” Routledge explained.
While ExxonMobil remains focused on oil recovery, the company continues to monitor natural gas opportunities in the country, though oil remains its primary priority.
“We always have kept an eye on the value and opportunity space with the associated gas on the oil fields, but the first priority has always been to ensure that we’re maximizing the overall recovery of resource,” Routledge said.
