Gas strategy to address monetisation of discoveries beyond Liza field – Jagdeo

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Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that experts from India will soon assist with the fine-tuning process. 

The chief policy maker for the oil sector was keen to clarify a misconception that a National Gas Strategy is needed to move ahead with the Gas-to-Energy project. He said the administration has already outlined that 50 million standard cubic feet of gas will be transported from the Liza 1 and 2 developments via a pipeline to onshore facilities at the Wales Development Zone. Those facilities will use some of the gas for electricity purposes while the remainder will support the buildout of the nation’s petrochemicals industry.  

Outside of the Liza field, the Vice President said the nation is blessed with other pure gas finds in the Stabroek Block such as Haimara-1 and Pluma-1. The official said the discussion needs to start now about what will be done with these finds. He said too that the southern part of the Stabroek Block is also rich in gas, and that the National Gas Strategy will provide a roadmap for its use. “We made it clear that if they (ExxonMobil and partners) are not going to utilise it they will have to relinquish it and we may find others who are willing to use it,” the Vice President said. 

Much of Guyana’s 17 trillion cubic feet of gas at southeastern part of Stabroek Block

The policymaker also noted that discussions are ongoing for the full utilisation of the Gas-to-Energy pipeline. He said this may perhaps see another 70 to 80 million standard cubic feet of gas per day coming to shore. The use of these additional resources he said will be outlined in a Gas Utilisation Study from ExxonMobil.

According to provisions of the Petroleum Production Licence (PPL) for the Yellowtail Project, EEPGL’s Gas Utilisation Study is expected to examine the associated and non-associated gas available from all approved petroleum production licences (i.e: Liza 1, Liza 2, Payara and Yellowtail).

This study is to consider over the short, medium, and long term, a forecast of potential gas production for export from the FPSOs and the expected use that gas will be put to.

Exxon ‘looking very closely at potential for gas development’ offshore Guyana – Routledge

ExxonMobil Guyana President Alistair Routledge said in February that the company has already supplied a report on its study to the government.

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