Downtime for ExxonMobil’s Liza field is expected in the second half of 2024, said Chief Financial Officer (CFO) Kathy Mikells, to facilitate Guyana’s Gas-to-Energy (GtE) project.
“At some point in the second half, we are working on the Gas-to-Energy project and laying the pipeline down to bring that gas from Liza 1 and Liza 2 onshore, to kind of plug it into the power plant that ultimately will drive down costs for consumers in Guyana,” she told investors on Feb. 2.
Exxon is responsible for building a pipeline to bring the gas from the Liza field in the Stabroek block to onshore facilities.
Later this year, the GtE integrated facility including a 300-megawatt (MW) power plant is expected to be constructed. The Guyana government contracted a US-based group (CH4-Lindsayca) to build out the facility at Wales, West Bank Demerara, for US$759 million.
The project aims to establish infrastructure for transporting natural gas from the offshore Liza oilfield to Wales. It is expected to deliver gas to the government for power generation and other forms of commercialization.
Government plans to cut the cost of electricity to consumers by 50%, once the plant starts running, switching out heavy fuel oil (HFO) for the less-polluting natural gas.