GEORGETOWN, Guyana, CMC – The largest investor-owned oil company in the world, ExxonMobil, will be conducting studies this year regarding the natural gas deposits that are offshore Guyana, a senior official of the company has said.
ExxonMobil Guyana’s Projects manager, Anthony Jackson, said the company, the operator in the Stabroek Block here, has committed to developing and submitting a gas utilization study and a gas development study.
He told a public session on the proposed Whiptail project, which is expected to make its first oil by 2026, that the study is expected to determine the amount of associated gas in specific fields and gas levels and that the information would pave the way for ExxonMobil and the Guyana government to hold joint talks about the options for development.
Associated gas is used to sustain pressure in the wells to allow for the maximum allowable amount of gas to be extracted.
Jackson said the volume of natural gas for the Whiptail project was still being assessed, though there is an undisclosed figure until the Field Development Plan is completed.
“Those are preliminary and need to be refined as part of the modeling process,” Jackson said, adding that it was premature for his company, the operator, to say what would be done with the gas at Yellowtail before the government approves the strategy.
Jackson said depending on the additional reservoirs that would be developed as a project would determine the amount of associated gas required.
ExxonMobil would supply 50 million standard cubic feet of natural gas to the Wales-based natural gas-fired electricity plant and the natural gas liquids plant.
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