ExxonMobil Guyana Limited (EMGL) said in a statement on Thursday that no oil can be lifted from its Stabroek Block operations without a representative of the government being onboard the floating production storage and offloading (FPSO) vessels.
“None of the consortium members can lift oil without a government witness present,” the company reaffirmed.
Exxon also clarified that its offshore production vessels are equipped with transfer meters that meet or exceed international industry standards.
Additionally, the company explained that representative samples are shared with the government and lifters as another layer of verification.
“EMGL is unaware of any regulatory regime that requires local regulators to install separate metering equipment, however we have no objection to the government pursuing an independent monitoring system and will adhere to any regulations the government puts in place,” the company added.
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The Ministry of Natural Resources also reminded in a statement on Thursday that oil production data, going back to the start of operations, is publicly available on its website. “If there is any level of confusion about the data… the ministry stands ready to provide context and clarity,” the statement said.
The ministry reiterated its commitment to transparency and improving its regulatory capabilities in the petroleum sector.
ExxonMobil is the operator of the Stabroek Block with a 45% stake, while Hess holds 30% and CNOOC holds 25%. The operator has so far discovered 11.6 billion oil-equivalent barrels and is actively producing oil from three developments.
