GEORGETOWN, Guyana, CMC—Alistair Routledge, President of ExxonMobil Guyana, said on Wednesday that the oil and gas company operating the Stabreok Block is moving towards extracting at least one billion cubic feet of natural gas daily in addition to its 250,000 barrels of crude oil from the Longtail project.
“The gas, being this is more of a gas development, we anticipate could be more than one billion cubic feet per day of gas handling capacity,” he told a news conference, adding, “The Longtail project is still a little bit early in the process of being finalized, but we anticipate it could be as high as 250,000 barrels per day for production capacity for the liquids”.
The ExxonMobil-led consortium is already producing about 650,000 barrels of oil daily at three projects in the Stabreok Block; oil production at a fourth project, Yellowtail, should start later this year and hike Guyana’s daily oil production to about 900,000 barrels per day.
Longtail will be the eighth project the company pursues in the giant Block, located approximately 120 miles offshore Guyana.
Routledge told reporters that the Field Development Plan (FDP) would be submitted in 2026 and contain details but would not elaborate on prospects for Longtail’s gas usage, only saying that it would be to “the best benefit of the country.”
He said ExxonMobil has already submitted its request for environmental authorization to Guyana’s Environmental Protection Agency (EPA).
Looking ahead, Routledge said Hammerhead’s production would range between 130,000 and 180,000 barrels per day. The project’s FDP would also contain details.
He also reports that ExxonMobil has yet to receive approval from the Ministry of Natural Resources and the Environmental Protection Agency (EPA) to optimize production to 260,000 barrels per day from the Payara and Liza 2 wells.
Routledge said a team recently inspected the Floating Production, Storage, and Offloading (FPSO) vessels to ensure safety should the green light be granted to increase outputs beyond the vessels’ nameplate capacities.
“They recently and to verify that, indeed, we have all the safety measures in place that we have been working to assure, so we’re waiting for a follow-up, but in our mind, we’ve done all the safety analysis. We’ve made some changes to the facilities. There is more capacity to be given, particularly on the Prosperity vessel,” he said.
The Guyana government and ExxonMobil have been working to determine what other gas monetization opportunities exist. Georgetown selected Fulcrum LNG, a United States-based company, to work with the government and an ExxonMobil-led consortium to assess how best to monetize natural gas resources.
However, Routledge told reporters that his company is not actively engaged with Fulcrum. “We’re focused on understanding the resources and, at the same time, doing our work on developing a market for Guyana,” he said.
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