Exxon Mobil Corp.’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana,” the Texas-based company’s CEO Darren Woods said during the first quarter 2024 webcast with analysts.
Exxon continues to look for opportunities to assist communities in countries on a development path, Woods said Apr. 26, citing Guyana as a good example of that strategy.
Guyana’s offshore gas production from the prolific Stabroek Block will be used to feed an onshore gas plant and allow the country to displace diesel fuel use in power generation, reducing emissions related to the use of the fossil fuel.
Construction continues on a 130-mile pipeline network and associated infrastructure that will ship 50 MMcf/d of gas from the Liza Field to a 300-megawatt onshore power plant. The plant is expected to be constructed and operated by the Guyanese government, according to Hess.
Exxon Mobil Guyana Ltd. expects to complete pipeline construction and field hook-up by the end of 2024.
The project will allow Guyana “to replace a relatively inefficient high emissions power generation system that-s fairly unreliable with something that-s cleaner, lower emissions and much more reliable, and should be much more cost effective,” Woods said.
RELATED
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Recommended Reading
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
Chord Energy Updates Executive Leadership Team
2024-03-07 - Chord Energy announced Michael Lou, Shannon Kinney and Richard Robuck have all been promoted to executive vice president, among other positions.
First Solar’s 14 GW of Operational Capacity to Support 30,000 Jobs by 2026
2024-02-26 - First Solar commissioned a study to analyze the economic impact of its vertically integrated solar manufacturing value chain.
SunPower Begins Search for New CEO
2024-02-27 - Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.