President meets with top oil exploration stakeholders

May 11, 2017 News

…key contract for 2020 production issued

From left: Esso Exploration’s Public and Government Affairs Manager, Kimberly Brasington; HESS’s President and Chief Operating Officer, Greg Hill; Chief Executive Officer (CEO) of HESS Corporation, John Hess; President David Granger; Executive Vice President of Exxon Mobil Exploration Corporation, Mike Cousins; Country Manager, Esso Exploration and Production Guyana, Rod Henson; Minister of Natural Resources, Raphael Trotman and Outgoing Country Manager, Esso Exploration and Production Guyana, Jeff Simons.

President David Granger yesterday met with John Hess, Chief Executive Officer (CEO) of HESS Corporation, the exploration company that holds a 30 percent interest in Exxon Mobil’s offshore drilling operations in the Stabroek Block.
The CEO was accompanied by the company’s President and Chief Operating Officer, Greg Hill; Executive Vice President at Exxon Mobil Exploration Corporation, Mike Cousins; Country Manager, Rod Henson; outgoing Country Manager at Esso Exploration and Production Guyana, Jeff Simons; and Exxon’s Public and Government Affairs Manager, Ms. Kimberly Brasington.
Minister of Natural Resources, Mr. Raphael Trotman was also present at the meeting, which was held at State House.
According to the Ministry of the Presidency, during their discussions, President Granger told the visiting delegation that while the country is eager to have oil production come on stream, this must be done in the context on Guyana’s ‘green’ development trajectory and as such protection of the environment is critical.
“We are very concerned about the preservation of the environment… We want the extractive industries to be developed in a sustainable way,” he said.
Hess said that the corporation is investing billions of dollars in Guyana and is committed to ensuring that this is done in a transparent manner.
“We are committed to your country. We are committed to being here… HESS is a long-term investor and we are very proud of the partnership with Exxon Mobil and Nexen [Nexen Petroleum Guyana Limited] as well… We hope this development of Liza first and hopefully other prospects will transform your country and we will try to help you the best way we can to ensure that oil wealth is spent in the best way possible,” he said.
He also spoke of importance which his company attaches to social responsibility and assured the Head of State that they stand ready to work with the Government to address priority areas.
“We are ready to work together to help you with your vision for the country to ensure that the oil treasure really becomes the people’s treasure,” he said.
Founded in 1933, the Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
In May 2015, Guyana learnt that the exploration partners had struck a major find in its offshore concessions.
A number of other wells have confirmed that the deposits were significant with Guyana currently preparing to full production in 2020.
Already, several contracts have been issued by ExxonMobil and its partner to have the necessary infrastructure in place for 2020.
Yesterday, it was announced that Saipem, an Italian oil and gas company, has received a new engineering, procurement, construction and installation (EPCI) contract for the subsea umbilicals, risers and flowlines (SURF) package of the proposed Liza project offshore Guyana.
Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019.
Work will also involve associated structures and jumpers, as well as transportation and installation of manifolds and associated foundations for Liza, which sits about 120 miles offshore Guyana in 1,800m of water.
During the last few years, offshore oil extraction activity has been constantly increasing. New platforms are being continuously installed in different parts of the world and operate in deeper and deeper waters. The safe and efficient interconnection from the topside platforms and vessels to the well heads and pumps on the seafloor is necessary to transfer power and data, as well as hydraulic and other fluids to guarantee reliable oil extraction operations.
The local generation of electric power and the subsequent distribution to various appliances achieves lower generation costs.
In addition, broadband communication systems are now an essential feature of the most modern communication and process control systems. Subsea Umbilicals, Raisers and Flowlines form this vital link among the various centres of operation.
They must be able to withstand high mechanical and chemical stresses, high operating temperatures and pressures in order to ensure the continuous and reliable supply of services in the harsh environments below the sea.

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