ExxonMobil has indicated to the Government of Guyana that it plans to train Guyanese in various spheres of activity associated with petroleum exploration and production.
This was reported to the media today, by Minister of State, Joseph Harmon at a post-Cabinet briefing at the Ministry of the Presidency.
Minister Harmon also informed media operatives that the company proposed to use a floating production/storage offshore offloading facility for the extraction and production of oil from the company’s wells.
According to Minister Harmon, Cabinet was briefed on Tuesday by representatives of the company which had recently announced that its Liza well offshore Guyana contains hydrocarbon reserves in the range of 800mln to 1.4 billion equivalent barrels of crude oil.
The briefing which took place at Government’s request also resulted in Exxon Mobil committing, in conjunction with Minister of Natural Resources, Raphael Trotman, to embark on a series of consultation and briefing with stakeholders commencing today, Wednesday, July 27, 2016 with the Parliamentary Sectoral committee on Natural Resources in the National Assembly.
“(The) Leader of the Opposition has been alerted of a briefing, as well as members of the private sector and other civil society stakeholders,” Minister Harmon said.
Additionally, Cabinet and the Exxon Mobil’s representatives explored “the potential for and utilisation of associated gases that were discovered in the well.”
Possible uses identified, according to the Minister of State, “include power generation, fertilizer production and the production of Liquid Natural Gas (LNG) for domestic use.”
Exxon Mobil entered into a contract for oil exploration with the then People’s Progressive Party / Civic Government in 1999 and has since declared the discovery of oil. The company recently began drilling a third well, Skipjack approximately 19 miles from its Liza well.