─ welcomes Exxon’s achievement of 120,000 barrels per day
The Guyana Government said it welcomed the announcement by US oil and gas company ExxonMobil that it had reached the largest production of 120,000 barrels of oil a day (bpd) – a success it has contributed to.
Minister for Natural Resources Vickram Bharrat said the Government had been working with the oil and gas company for some time now.
“We’ve been working with Exxon over the last few months to make sure we get the maximum production. It’s something we’ve worked with Exxon and we expect the rate to improve to maximum production, ”Minister Bharrat told the Department of Public Information on Sunday.
He said production was below 100 bpd due to the problem with the gas compressor, which led to more torches. With that fixed, Minister Bharrat said he had reduced the torch production and maximized.
Low production also resulted in only four raw lifts, instead of five.
The US oil and gas major announced Sunday that the Liza Destiny Float Production Storage and Unloading (FPSO) ship has reached a full capacity of 120,000 bpd and successfully commissioned the gas injection system.
“We are extremely proud of our team’s tremendous work in overcoming the challenges of the past year and bringing us safely to where we are today,” said ExxonMobil Guyana President Alistair Routledge.
He added, “This resilient group, which includes a growing number of Guyanese professionals, continues to persevere through the COVID-19 pandemic challenges and startups to deliver a world-class project.”
The company said more than 6000 personnel had been transferred offshore without a safety incident or a COVID-19 outbreak on the offshore facilities. he said overall, Liza Destiny’s FPSO team has accomplished a year and more than a million hours of work without a recordable security incident.
“ExxonMobil Guyana is committed to responsible development of the country’s natural resources and will not use normal torches during our operations,” said Routledge. “We are disappointed with the number of equipment issues experienced and, due to these issues and COVID-19, commissioning the gas injection system took longer than originally anticipated. We took significant steps to limit torching and are incorporating lessons learned for future projects. ”
He said investment in the local economy continued to increase as Liza Phase Two and Payara projects progressed. More than 2100 Guyanese now support activities on and offshore. ExxonMobil and its key contractors have spent over $ 69 billion with more than 700 local companies since 2015.