World Bank to assist with legislation routine flaring

Dec 29, 2019 News

The World Bank proposes to begin an initiative to prohibit routine flaring during oil production. The government of Guyana had previously stated that no statement has been made as to how ExxonMobil intends to dispose of the impurities and wastes except for the monitoring done by the EPA.
There is no clause in the Agreement ExxonMobil has made with the Government of Guyana which states that the natural gas produced from the oil fields is exploiting, cannot be flared. However, Minister Patterson had stated that Guyana will not allow gas flaring and there is no indication that ExxonMobil intends to get rid of the gas generated, otherwise.
Followed by another interception, “except for necessary testing, Government has assured that there will be no flaring of natural gas found offshore, in keeping with its commitment to developing a green state,” Natural Resources Minister Raphael Trotman said.
In spite of the decision that was conveyed precisely, the government will proceed in the process of drafting and subsequent enforcement of a legislation to prohibit routine flaring of associated gas during the oil production.
Even though Government has been assured of “no flaring” of natural gas it still has to be prepared for such circumstances and set penalties to deal with the negligence of these oil companies.
These gases can be utilized in a number of other productive ways or re-injected into an underground formation.
The initiative being a part of Guyana’s effort to alleviate climate change will also complement the government’s intention to join the initiative.
The initiative joins forces such as governments, oil companies and developed institutions that recognize flaring as an unsustainable resource management. From an environmental perspective, many agree to cooperate to eliminate routine flaring no later than 2030.
Governments that endorse the initiative will provide a legal, regulatory investment and operating environment that is conducive to upstream investments.
The initiative is also conducive to the development of viable markets for utilization of the gas and the infrastructure necessary to deliver the gas to these markets. This will therefore provide companies with the confidence and incentives as a basis for investing in flare elimination solutions.
Once a government has signed onto the initiative it is required field development plans for new oil fields to incorporate sustainable utilization or conservation of the field’s associated gas without routine flaring.

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World Bank to assist with legislation routine flaring

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World Bank to assist with legislation routine flaring

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