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ExxonMobil briefs govt, opposition on production preparations

Prime Minister Moses Nagamootoo (centre) flanked by top officials and experts of ExxonMobil and government ministers.

ExxonMobil and the Guyana government on Wednesday began high-level consultations with key ministers, opposition parliamentarians and Opposition Leader, Bharrat Jagdeo.

Minister of Natural Resources, Raphael Trotman said Guyanese at all levels including those living in the United States, Canada and the Caribbean would be briefed.

“It is important, as Guyanese and particularly as policy makers, that we know what the resources are, how it is going to be exploited and captured and developed and very importantly how are we going to use the resource for the benefit of all Guyanese,” he said.

The briefing was focused on the Liza find of close to 2 billion barrels of oil offshore Guyana. He said the expert “comes bearing good news about the actual development of the Liza resource, that is how do we intend to take it to production.”

Trotman said commercial oil production is expected to begin by 2020.

The ExxonMobil representative was also expected to update attendees about new technologies and techniques that would be deployed in his technical presentation.

From the government side, a briefing was held with Prime Minister Moses Nagamootoo, Minister of State Joseph Harmon, Minister of Finance Winston Jordan, Minister of Foreign Affairs Carl Greenidge, Minister of Business Dominic Gaskin, Minister of Agriculture Noel Holder, Minister of Public Infrastructure, David Patterson,  Minister of Communities Ronald Bulkan and the Minister of Natural Resources Trotman.

Opposition parliamentarians and Opposition Leader, Bharrat Jagdeo were due to be held separately.

ExxonMobil is expected to quantify its most recent find at Payara in another two weeks before taking the drill ship to Snook, another location offshore Guyana, to search for more oil.

While less than 100 persons will be aboard the Floating, Production, Storage and Offshore (FPSO) ship at any given time during production, Guyanese have been encouraged by the United States to invest some of its oil revenues in  renewable energy, infrastructure and social development projects to generate jobs and make the country sustainable.

Specifically in the oil sector, government hopes to create at least 600 jobs when a US$500 million onshore supply and support base at Crab Island, Berbice River is constructed.  Government has also commissioned a study to determine whether an oil refinery should be built in Guyana.

  • Parbudin Mackanlall

    Crab Island is not an island that is owned by somebody. It is an area along the Berbice River banks in the New Amsterdam/Canje area. That land is covered by heavy vegetation, it is very muddy (hence the name), it is unoccupied and remote from any infrastructure and from where I sit it can only be government owned because it is of no use to any individual or family.What I don’t understand is how its location is useful to the petroleum production venture if the wells will be located in the Atlantic off Essequibo.

  • Dr. Burchell M. Marcus

    Many of us knew for a very long time that Guyana had oil beneath it’s grounds for many years, but because of not having the equipment and technologies to extract it, the country suffered abuse and advantages from other countries who were immorally inflating their oil prices that the country is importing. Thanks to our newly elected President David Granger and his administration things are changing for the better! Our country will now be able to stabilize it’s economy with the added resource the oil will bring in. Though I must say that with the rich resources of minerals and other products that Guyana produces, the country should have been the leader of all the Caribbean nations, thanks to the previous administrations for their mismanagement of our country’s resources. “Better days are coming”

  • Ashley Singh

    Will the discovery of oil benefit the masses or just a SELECTED FEW ??????