The Ministry of Natural Resources today, facilitated a briefing on the developments of its oil production to members of the local media. ExxonMobil Country Manager, Jeff Simon, in his presentation explained the process that the company and its partners will undertake towards a projected 2020 production start.The briefing is part of the Ministry’s national outreach programme to provide information on Guyana’s progress in the new sector.
Simon explained that its local affiliate Esso Exploration and Production Guyana Limited (EEPGL) had applied for a production licence in December and has contracted a Floating Production Storage and Offloading (FPSO) from SMB Offshore, a large company that specialises in tanker and FPSO construction.
The FPSO is a specialised vessel that will extract the oil from under the sea and store it until it is later moved to a refinery or sold on the world market. The FPSO will have an oil production capacity of 100,000 barrels per day. Simon explained that the vessel will separate the gas and water from the oil. While the oil will be stored on board, the gas and water will be re-injected into the reservoir. Exxon is expected to drill about 17 wells to extract the oil which is said to be equivalent to between 0.8 to 1.4 billion barrels of oil.
The oil company will be investing US$5B in preparation for oil production by 2020. This is mostly for the drilling, manufacturing and procurement of the materials required for the surf and the FPSO.
Résumé en français
ExxoMobil, au travers de sa filiale locale Esso Exploration and Production Guyana Limited, va investir 5 milliards de dollars pour extraire du pétrole en Guyana à partir de 2020.
Un navire spécialisé de type FPSO (Floating Production Storage and Offloading), fourni par SBM Offshore, sera employé pour l’extraction du pétrole.
Illustration en vidéo
Source de l’information
Guyana Government Information Agency
Article: ExxonMobil to invest US$5B in preparation for oil production.
Sujet et source de l’image
Sujet de l’image: Navire FPSO Cidade de Anchieta construit par SBM Offshore.
Source de l’image : Press room du site de SBM Offshore.