Exxon growing its Guyana onshore footprint - Oil Now
The US oil company ExxonMobil is in the process of further deepening its footprint in Guyana by seeking to move a greater volume of its services from Trinidad and Tobago to Guyana, according to an Oil Now report.
The report suggests that ExxonMobil’s shifting of services is indicative of a recognition of the increase of local capacity in Guyana, a circumstance that would enable the oil company to locate more of its shore base services here.
ExxonMobil is currently engaged in what is, these days, the single most significant oil recovery exercise in the region, offshore Guyana, where it is now in control of operations in the Stabroek, Kaieteur, and Canje blocks, the Oil Now report says.
The report quotes ExxonMobil Guyana President Alistair Routledge as saying that the move to shift a higher volume of the company’s services to Guyana is reflective of the company’s recognition that there have been changes in Guyana since the early days before and immediately after the company had made its first world class offshore discovery. Oil Now quotes Routledge as saying that whereas in the “early days” ExxonMobil had “no infrastructure, no expertise, no history to leverage and had little option but to rely on those facilities located in Trinidad and Tobago so we had to utilize the existing capability, the existing facilities in Trinidad.” The circumstances, according to Routledge, had become transformed to the point where “we can continue this
investment journey and move more of that work to Guyana.”
It is believed that the supply chain capacity in Guyana has been growing exponentially over the years.
The development of the oil and gas industry in Guyana is widely considered to have moved at a rapid pace from the