Discussions with ExxonMobil have commenced on possible gas production with government eying monetizing the offshore resource as soon as the auctioning of oil blocks is completed, Vice President Bharrat Jagdeo said.
“We are in a discussion with Exxon now. We have 17 trillion cubic feet of associated gas; a lot of associated gas and they were saying they needed to reinject this gas to keep the quality of the wells up. We are having a different conversation now, to move to monetize this gas,” Jagdeo told the Ceraweek 2023 Energy Conference, currently being held in the United States oil capital of Houston, Texas.
