22 C
Georgetown
Monday, November 23, 2020

Exxon’s giant Hammerhead project will push Guyana production to three-quarter million bpd milestone

Must Read

Staffing is now the focus for CGX deep water port facility in Guyana

Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for...

Suriname offshore breakeven expected to go down with more discoveries

The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as...

Outgoing head of Guyana’s Department of Energy says ‘still willing to serve’

Character, integrity, perseverance and contentment--these are the qualities that outgoing Director of the Department of Energy, Dr. Mark Bynoe...
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.

ExxonMobil’s 4th proposed development project offshore the South American country of Guyana will produce approximately 150,000 – 190,000 barrels of oil per day (bpd), pushing total production at the Stabroek block to 750,000 bpd. This latest development, once approved, will follow the Liza Phase 1 and 2 projects and a third development at Payara, which is also awaiting final approval from authorities.

At peak, the Liza Phase 1 development will produce 120,000 bpd, Liza Phase 2 – 220,000 bpd and Payara – 220,000 bpd.

During the early stage of production operations at Hammerhead, the project is anticipated to produce an average of approximately 4,500,000 – 5,200,000 barrels of crude oil per month. These estimates are preliminary and are subject to change.

The development plan for Hammerhead will use an FPSO and a subsea, umbilicals, risers, and flowlines (SURF) production system similar to those of Liza Phases 1 and 2 and Payara. Although the developments will be similar, they are independent development projects. The FPSO and subsea production system is a proven approach for deepwater oil developments and would leverage both operator and industry proven technologies and experiences from other regions.

Hammerhead opened pathway to potential 10-billion-barrel province

The FPSO will be a Very Large Crude Carrier (VLCC) size floating facility with double hull protection, with approximate dimensions of 340 m long by 60 m wide by 33 m deep (1,115 ft long by 197 ft wide by 108 ft deep), and will be moored on location, approximately 160 km (99 miles) offshore.

The oil production complex will have an oil storage capacity of approximately 1.6 – 2.0 million barrels of oil within its hull. Its mooring system will be designed to keep the FPSO on station continuously for at least 20 years. At peak production during Hammerhead operations, the FPSO will offload oil to conventional tankers approximately every 7 – 8 days. The conventional tanker will be held in position with the assistance of tug(s) to maintain a safe separation distance from the FPSO.

Hammerhead is the 9th discovery to have been made at Stabroek Block which experts said opened a new play that potentially unlocks a pathway for the emergence of a multi-billion-barrel province.

RELATED:

Liza Unity floater will push Guyana’s total oil production to 340,000 bpd by 2022

Guyana moving to ‘Prosperity’ for 3rd offshore development

- Advertisement -

Latest News

Houthis forces fired missile at Saudi Aramco oil site in Jeddah

(Reuters) - Yemeni Houthi forces fired a missile that struck a Saudi Aramco oil company distribution station in Saudi...

BP sells London headquarters for 250 million pounds

(Reuters) - BP has agreed to sell its London headquarters for 250 million pounds, a spokesman said on Friday, the latest in a string of...

Staffing is now the focus for CGX deep water port facility in Guyana

Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port...

Suriname offshore breakeven expected to go down with more discoveries

The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and...

Outgoing head of Guyana’s Department of Energy says ‘still willing to serve’

Character, integrity, perseverance and contentment--these are the qualities that outgoing Director of the Department of Energy, Dr. Mark Bynoe says are integral to his...

More Articles Like This