Guyana Oil and Gas News

All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more.

Dr. David Singh

Exxon’s flaring equivalent to loss of 4,642 hectares of forest

-flaring equal to destroying 6.2 hectares of forest per day continuing Exxon’s flaring of over nine billion cubic feet of natural gas since oil production began in December is equivalent to the loss of 4,642 hectares of forest, which would be valued at US$24 million based on the carbon price under Guyana’s forest protection pact with Norway, says conservationist Dr David Singh.

Exxon ramping up production again

Having fixed issues with two of its three gas handling systems and now using 85% of associated gas from the reservoir, ExxonMobil has further reduced flaring at its offshore Liza-1 well project and has started to again ramp up production, the company yesterday said. 

The fuel hose leads from the Liza Destiny FPSO to the Cap Philippe for the transfer of Guyana’s first million barrels of crude in February (Ministry of the Presidency photo)

Exxon oil output falls as compressor problems continue

Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now between 25,000 and 30,000 bpd as compressor problems continue and the company would not increase flaring above about 15 million cubic feet of natural gas per day, Environmental Protection Agency (EPA) Director Dr Vincent Adams has said.

Dr Jan Mangal

Exxon gas could have been put to good use – Mangal

ExxonMobil’s flaring of over nine billion  cubic feet of natural gas could have been avoided had a proposed  gas-to-shore pipeline project been implemented but it was stalled because a plan to determine the best location was rejected by government officials as some wanted to handpick a site, former Petroleum Advisor Jan Mangal says.

Jan Mangal

Mangal shocked at Exxon’s offshore flaring

Former presidential advisor on petroleum Jan Mangal has expressed shock that ExxonMobil has flared over 2 billion cubic feet of natural gas offshore and said that he had insisted in 2018 that there be no flaring and that gas be brought to shore for electricity, fertilizer and other uses.

Dr Vincent Adams

Exxon to begin reinjecting gas into well

After glitches during production startup saw flaring of over 2 billion cubic feet of natural gas,  ExxonMobil has assured that it will from this week begin transitioning to using the gas for well injection purposes, Head of the Environment Protection Agency Dr Vincent Adams says.

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