Guyana
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Opening day remarks from President Mohamed Irfaan Ali framed fossil fuels and renewables as parallel systems amid rising demand and structural supply pressures. -
Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
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The chair of the SPE Georgetown Section outlines how balanced, apolitical dialogue can support development amid rapid energy expansion.
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The project with ExxonMobil used closed-loop drilling and digital well-construction technologies.
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President Ali will be joined by a delegation from Guyana, including the Hon. Vickram Bharrat, Minister of Natural Resources.
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MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.
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Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD.
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Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.
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