Exxon Mobil Corp.’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana,” the Texas-based company’s CEO Darren Woods said during the first quarter 2024 webcast with analysts.
Exxon continues to look for opportunities to assist communities in countries on a development path, Woods said Apr. 26, citing Guyana as a good example of that strategy.
Guyana’s offshore gas production from the prolific Stabroek Block will be used to feed an onshore gas plant and allow the country to displace diesel fuel use in power generation, reducing emissions related to the use of the fossil fuel.
Construction continues on a 130-mile pipeline network and associated infrastructure that will ship 50 MMcf/d of gas from the Liza Field to a 300-megawatt onshore power plant. The plant is expected to be constructed and operated by the Guyanese government, according to Hess.
Exxon Mobil Guyana Ltd. expects to complete pipeline construction and field hook-up by the end of 2024.
The project will allow Guyana “to replace a relatively inefficient high emissions power generation system that-s fairly unreliable with something that-s cleaner, lower emissions and much more reliable, and should be much more cost effective,” Woods said.
RELATED
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Recommended Reading
Tyra Redevelopment Heading for Production in March
2024-02-28 - TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
E&P Highlights: March 15, 2024
2024-03-15 - Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
2024-04-08 - TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.