22 C
Georgetown
Monday, June 14, 2021

EPA modifies Environmental Permit for Exxon’s Liza Phase 1 Development

Must Read

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Environmental Permit for ExxonMobil Guyana’s Liza Phase 1 project has been recalled and modified to include more stringent regulatory requirements are in place to address flaring in accordance with the Environmental Protection Agency (EPA)’s legislation.

A notice from the EPA posted on Vice President, Dr. Bharrat Jagdeo’s Facebook page on Thursday, stated that the modified permit was issued to ExxonMobil Guyana on May 13 after being signed by both the company and the EPA.

According to the notice, the revised Environmental Permit features modified terms and conditions relating to the emission reporting requirements, technical considerations for flaring, and timelines for flaring events. Additionally, the revised Permit contains an obligation on ExxonMobil Guyana to pay for the emission of Carbon Dioxide (CO2 equivalent) as a result of flaring in excess of these timelines.

That payment shall be made to the EPA and is calculated at the rate of US$30 per tonne of CO2e.

According to the EPA’s notice, the change was due to the technical difficulties experienced offshore Guyana abroad the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel.

“The company was projected to exceed the 14 billion standard cubic feet (bcf) of gas estimated to be flared by the Environmental Impact Assessment (EIA) for the project on May 13, 2021,” the EPA said.

In light of this, the EPA and ExxonMobil have been engaged in discussions regarding the technical and legal issues regarding modifications to address flaring.

ExxonMobil resumed flaring above pilot on the vessel after encountering another technical mishap with the flash gas compressor back on April 13.

It was during the final testing phase of the reinstalled flash gas compressor and other components of the system on the Liza Destiny FPSO that an additional problem with the discharge silencer was encountered.

- Advertisement -

OilNOW TV

Latest News

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million...

More Articles Like This