Petroleum Management Programme - Guyana’s Post

🌆 Good Evening, Readers! 🌆 As the day draws to a close, let's explore some significant advancements that promise to enhance environmental safety and sustainability in the energy sector! 🌟🔍 **ExxonMobil Unveils Cutting-Edge Oil Spill Equipment in Guyana** In a significant move towards bolstering environmental safety, ExxonMobil has unveiled state-of-the-art oil spill response equipment in Guyana. 🌊🛢️ This initiative marks a critical step in enhancing the region's preparedness and response capabilities for potential oil spill incidents. The newly introduced equipment includes advanced technologies designed to quickly contain and mitigate the impact of oil spills. This proactive approach underscores ExxonMobil's commitment to safeguarding the environment while continuing its energy production activities in Guyana's offshore blocks. 🌐💼 This development is part of a broader strategy to integrate sustainable practices and advanced safety measures into the company's operations. By investing in cutting-edge spill response technology, ExxonMobil aims to minimize environmental risks and ensure that its operations comply with the highest safety and environmental standards. 🌿🌏 The unveiling of this equipment also highlights the company's collaborative efforts with local authorities and communities to enhance environmental protection and promote sustainable development. These efforts are crucial in maintaining the ecological balance and supporting the economic growth of the region. 🌍🤝 Discover more about ExxonMobil's innovative oil spill response equipment and its impact on environmental safety by visiting the link below. 🌐📖 #GoodEvening #ExxonMobil #OilSpillResponse #EnvironmentalSafety #Sustainability #EnergySector #Guyana #AdvancedTechnology #EnvironmentalProtection #SustainableDevelopment #OffshoreDrilling #SafetyStandards #InnovativeSolutions #CommunityCollaboration #EconomicGrowth #EnvironmentalCommitment #OilAndGas #EnergyInnovation #GlobalEnergy #EcoFriendlyInitiatives #FutureOfEnergy https://lnkd.in/gQNX5tKP)

Guyana Vice President Bharrat Jagdeo has indicated that ExxonMobil’s Whiptail project, set to produce 250,000 barrels of oil per day (bpd), is on track for approval in the first quarter of 2024. Responding to inquiries about the approval’s Q1 timeline, Jagdeo stated, “On Whiptail… yes,” but he could not be more specific.  ExxonMobil submitted its field development plan (FDP) for the Whiptail project last year, as confirmed by ExxonMobil Guyana President Alistair Routledge. The company had also prior submitted an environmental impact assessment (EIA) to the Environmental Protection Agency (EPA).  ExxonMobil’s plan with the Whiptail project is to harness a substantial daily oil production capacity of 250,000 barrels per day (bpd) using a floating production, storage, and offloading (FPSO) vessel named Jaguar, expected to be delivered by SBM Offshore. The anticipated first oil production is slated for late 2027 or 2028. It would take Guyana’s oil production to about 1.3 million bpd. https://lnkd.in/exA65Ew5

𝙎𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙉𝙚𝙖𝙧𝙨 𝙞𝙣 𝙆𝙖𝙨𝙝𝙖𝙜𝙖𝙣 𝙀𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩𝙖𝙡 𝘿𝙞𝙨𝙥𝙪𝙩𝙚 𝙄𝙣𝙫𝙤𝙡𝙫𝙞𝙣𝙜 𝙈𝙖𝙟𝙤𝙧 𝙊𝙞𝙡 𝘾𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙖𝙣𝙙 𝙆𝙖𝙯𝙖𝙠𝙝𝙨𝙩𝙖𝙣 Major oil companies, including Eni, Shell, ExxonMobil, and TotalEnergies SE, are nearing a settlement with Kazakh authorities over a dispute concerning the giant Kashagan oil field. The initial contention involved a potential $5 billion environmental fine imposed by Kazakhstan, accusing the North Caspian Operating Company (NCOC) of excessive #sulfur storage at Kashagan. However, following a legal victory for the oil majors, a draft settlement has been prepared. This agreement will avert the environmental penalty and includes a commitment of $110 million from the companies for social projects in Kazakhstan over the next two years. Additionally, the companies will work to reduce sulfur storage in the field. This development comes amidst separate arbitration over disputed costs at Kashagan and ahead of Kazakhstan President Kassym-Jomart Tokayev’s visit to Italy for investment discussions. The resolution of this dispute is significant for Kazakhstan, a key energy supplier to Europe, especially in the context of the ongoing Russian-Ukraine conflict. https://lnkd.in/gx66WcFP

Come 2025, Guyana is expected to welcome the start up of its fourth FPSO. The ONE GUYANA vessel will carry a nameplate capacity of 250,000 barrels per day (bpd). It will join three other vessels which currently carry a production output of approximately 630,000 bpd, peaking on some days at 645,000 bpd. Cumulatively, by 2025, Guyana will produce an estimated 900,000 bpd, thereby making it the world’s largest oil producer per capita. Guyana is not only leading with excellence in production optimization and increasing its role in meeting global demand, but it continues to do so in an environmentally conscious way. The commitment of regulators in balancing growth with environmental stewardship surely positions Guyana as a model for the world to follow. #oilandgas #guyana🇬🇾 #fpsos #oilproduction

Hopefully with the right management we can utilize our resources for better developments of our Country and expand our economy.

Aker BP ASA has issued details of how it responded to an #oilspill at the Alvheim Field in the Norwegian #NorthSea at the end of November. Read more at https://lnkd.in/gmGGk4v4. #offshore #oilspillresponse #akerbp #oilandgasindustry #offshoremagazine #endeavorbusinessmedia

This marks the commencement of the next phase of the project: commissioning the FPSO and hooking up the 23 wells that make up the Sangomar Field Development Phase 1. https://lnkd.in/dXjSYMd8

Have you heard the news about our #Guyana team⤵️ Our key account team ensured a rare capping stack was successfully cleared through customs for Oil Spill Response Ltd (OSRL). The newly commissioned capping stack, stationed at OSRL’s Guyana Shore Base Inc. (GYSBI), is one of six provided by #OSRL to the industry and one of only two in Latin America. The capping stack is part of a newly established Guyana regional capping stack service, which OSRL members can subscribe to cover their operations in the region. Capping stacks are regarded by the oil and gas industry as essential safety features. Their arrival would be key to secure the integrity of offshore drilling operations, given their ability to control and clip the flow of hydrocarbons in a blowout. Delivering and removing such important and rare material, on time, reinforces our goal to work with precision, and with a promptness that stands for quality and expertise in mission-critical logistics. This operation required unique business organisation, detailed planning, and the skilled execution of our local experts. Blue Water Shipping Guyana offers end-to-end supply chain solutions to the #energy, #oil, and #gas sectors and through our commitment to keeping our promises, we’ve established ourselves as a trusted partner in the #logistics industry. #TogetherWeCreateSolutions #OilSpillResponse #ExxonMobilGuyana #CappingStack #SafetyFirst #LatinAmerica #GYSBI #GuyanaShoreBase #TrustedPartner

Have you heard the news about our #Guyana team⤵️ Our key account team ensured a rare capping stack was successfully cleared through customs for Oil Spill Response Ltd (OSRL). The newly commissioned capping stack, stationed at OSRL’s Guyana Shore Base Inc. (GYSBI), is one of six provided by #OSRL to the industry and one of only two in Latin America. The capping stack is part of a newly established Guyana regional capping stack service, which OSRL members can subscribe to cover their operations in the region. Capping stacks are regarded by the oil and gas industry as essential safety features. Their arrival would be key to secure the integrity of offshore drilling operations, given their ability to control and clip the flow of hydrocarbons in a blowout. Delivering and removing such important and rare material, on time, reinforces our goal to work with precision, and with a promptness that stands for quality and expertise in mission-critical logistics. This operation required unique business organisation, detailed planning, and the skilled execution of our local experts. Blue Water Shipping Guyana offers end-to-end supply chain solutions to the #energy, #oil, and #gas sectors and through our commitment to keeping our promises, we’ve established ourselves as a trusted partner in the #logistics industry. #TogetherWeCreateSolutions #OilSpillResponse #ExxonMobilGuyana #CappingStack #SafetyFirst #LatinAmerica #GYSBI #GuyanaShoreBase #TrustedPartner